We've now introduced staking to Swyftx and have done up this guide to help you navigate our new feature and Stake your Crypto balances!

You can now stake Cardano (ADA), Solana (SOL), Cosmos (ATOM), Polkadot (DOT), Kava (KAVA), Kusama (KSM), Algorand (ALGO) and Tezos (XTZ) on Swyftx, using our new staking function. This is the range of Cryptocurrencies that we have introduced this functionality for and we will regularly review our staking offering to see that we can continue to grow and provide the best service possible for our customers.

Staking and Un-Staking your assets on Swyftx's Web Platform

To stake your assets using Swyftx's new staking feature, you'll first have to navigate to the Staking page. To find this one, simply click the "Staking" option on the left hand menu as shown below.

From here, you will be able to stake your assets by navigating to the asset that you intend to stake, and selecting the "+" icon to stake your chosen cryptocurrency or selecting the "-" icon to unstake your staked cryptocurrency.

Once you have selected an option from the above, as shown below you will be able to enter the appropriate details to stake or unstake your cryptocurrency in the fields that appear below. First, you will see the remaining amount in the Staking Cap for this cryptocurrency that you will be able to stake. When a Cap has been reached for a particular cryptocurrency, you will be unable to stake that cryptocurrency until either the Cap is increased, or other users unstake their cryptocurrency.

Here you can either choose to stake or unstake a chosen amount which you may enter in field 1, where field 2 shows the full balance available to complete this action, or you can choose to stake or unstake the full balance available using the "Set Max" button in field 3. You are able to stake up to 100% of your cryptocurrency balance until the Swyftx Staking Cap for this asset has been reached. Once you have completed this action, you will be able to select the "Add" button in the bottom right to complete this request.

Once you have completed this action, you will have staked or unstaked your assets in Swyftx!

Staking and Unstaking your assets on Swyftx's New App

To stake your assets using Swyftx's new staking feature, you'll first have to navigate to your wallet using the function on your bottom navigation bar, second from the left. From here, you will now be able to see both your Staked and Trading balances. Then, you will be able to simply click the "Staking" options on this page as shown below.

From here, you will be able to see your current balance, your expected daily rewards and you can stake your assets by navigating to the asset that you intend to stake, and selecting the "Stake" button to stake your chosen cryptocurrency.

Once you have selected an option from the above, as shown below you will be able to enter the appropriate details to stake your cryptocurrency in the fields that appear below. First, you will see the remaining amount in the Staking Cap for this cryptocurrency that you will be able to stake at the top. When a Cap has been reached for a particular cryptocurrency, you will be unable to stake that cryptocurrency until either the Cap is increased, or other users unstake their cryptocurrency.

Here you can choose to stake a chosen amount which you may enter in field 1 by touching the field, allowing you to enter the appropriate amount. Field 2 shows the full balance available to complete this action. Otherwise, you can use the scroll bar in field 3 to stake the full or appropriate balance available for this cryptocurrency. You are able to stake up to 100% of your cryptocurrency balance until the Swyftx Staking Cap for this asset has been reached. Once you have completed this action, you will be able to select the "Stake Asset" button in the bottom right to complete this request.

To unstake an asset, simply select the asset from the page below that you have staked.

Once you have, the below page will appear giving you the options to unstake an asset (bottom left) or stake more of this asset (bottom right). From here, simply select the "Unstake" cryptocurrency button as shown below, and same as the above, simply enter the amount you intend to unstake in the appropriate field or unstake 100%, or however much you intend to, using the scroll bar below the field to enter an amount.

Further Questions

If you have any further questions about Staking, please don't hesitate to get in touch with our friendly support team and we'd be more than happy to assist!

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