Exodus Staking
Exodus Staking is a good general purpose software wallet that supports many cryptocurrencies and supports staking on quite a few of them as well. Earn Staking Rewards on Exodus by using its mobile app and a desktop version. Exodus staking is relatively easy and in this article, we will explain how to do so.
Earn Exodus Staking Rewards
Supported Cryptocurrencies
Not all cryptocurrencies can be staked to earn interest. Furthermore, even if a cryptocurrency can be staked, the exchange or wallet may not provide staking rewards for that cryptocurrency. Exodus currently provides staking rewards for 7 cryptocurrencies, all of which are recommended cryptocurrencies to have.
Solana | Cardano | Algorand | VeChain | Cosmos | Tezos | Ontology
- Click the links for guides on how to stake the cryptocurrency.
How To Earn Staking Rewards On Exodus
Earning Exodus staking rewards is relatively easy. The process is slightly different when you’re using the desktop version or the mobile version. The mobile app is definitely easier to use and we recommend using it if you’re a beginner. We will show a guide on how to stake crypto on both versions.
Desktop Version:
- Go to https://www.exodus.com/ and download and install the desktop app (Windows, Mac, and Linux supported)
2. With the app open, go to the wallet tab. Search for the cryptocurrencies that you wish to earn interest on.
3. Click the “Receive” button and send your crypto to the provided address.
4. Install the “Rewards” app by clicking the + icon at the top of Exodus.
5. After installing the Rewards app, you may or may not be finished. Not all cryptocurrencies earn staking rewards the same way. Some cryptocurrencies don’t require any extra steps. Other cryptocurrencies, however, will have an extra step requiring you to input the amount of crypto you’d like to stake. Some cryptocurrencies will also require you to manually claim your rewards, while others won’t. To find out, just click on your cryptocurrency in the Rewards app tab.
Mobile Version:
- Download and install the Exodus wallet on your mobile device’s app store (Android and Apple supported).
2. Open the app and complete initial startup procedures if any.
3. Press the 3rd button on the bottom to enter your dashboard and select “Assets”.
4. Find the cryptocurrencies you wish to earn staking rewards on and enable them as an asset. They will now appear on your portfolio screen.
5. Press on the cryptocurrencies in the current screen or on your portfolio screen and then select the arrow on the top right to see the cryptocurrency’s address.
6. Send your crypto to the provided address.
7. After transferring your crypto, you may or may not be finished. Not all cryptocurrencies earn staking rewards the same way. Some cryptocurrencies don’t require any extra steps. Other cryptocurrencies, however, will have an extra step requiring you to input the amount of crypto you’d like to stake. Some cryptocurrencies will also require you to manually claim your rewards, while others won’t. Check your cryptocurrency’s rewards page to find out.
Final Thoughts
Exodus is a great general software wallet that allows you to store a large variety of cryptocurrencies on it if you don’t want to keep them on an exchange. Since it is a software wallet, you are provided with a seed phrase that will allow you to restore your cryptocurrency anywhere as long as the new wallet supports the crypto you wish to restore.
On average, the staking reward interest rates you can get on Exodus are better than from exchanges and can even match the rates from software wallets made for specific cryptocurrencies, so if you value the convenience of having multiple interest earning cryptocurrencies in one place, Exodus staking is the way to go.
Earn Exodus Staking Rewards by staking on Exodus. Visit Crypto Staking Rewards to learn how to stake crypto, earn staking rewards, cryptocurrency staking benefits, and where to find the best staking rewards.
