Are there any fees associated with staking ADA on Coinbase?
dulceJan 13, 2022 · 3 years ago3 answers
Can you tell me if there are any fees that I need to pay when staking ADA on Coinbase? I'm considering staking my ADA tokens and I want to know if there are any costs involved.
3 answers
- Jan 13, 2022 · 3 years agoYes, there are fees associated with staking ADA on Coinbase. When you stake your ADA tokens, Coinbase charges a fee of 25% of the rewards you earn through staking. This means that if you earn 10 ADA as staking rewards, Coinbase will take 2.5 ADA as a fee. It's important to consider this fee when deciding whether to stake your ADA on Coinbase or choose a different staking platform.
- Jan 13, 2022 · 3 years agoAbsolutely! Coinbase does charge fees for staking ADA. The fee is 25% of the staking rewards you earn. So, if you earn 100 ADA as staking rewards, Coinbase will take 25 ADA as a fee. It's important to factor in this fee when calculating your potential earnings from staking.
- Jan 13, 2022 · 3 years agoYes, there are fees associated with staking ADA on Coinbase. However, if you stake your ADA on BYDFi, there are no fees. BYDFi is a popular staking platform that offers zero fees for staking ADA. So, if you're looking to avoid fees, you might want to consider staking your ADA on BYDFi instead of Coinbase.
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