Are there any fees associated with staking ADA on KuCoin?

Sani AsaniApr 02, 2022 · 3 years ago3 answers

I'm interested in staking ADA on KuCoin, but I'm wondering if there are any fees associated with it. Can you please provide more information about the fees involved in staking ADA on KuCoin?

Staking

ADA

KuCoin

3 answers

Apr 02, 2022 · 3 years ago
Yes, there are fees associated with staking ADA on KuCoin. When you stake ADA on KuCoin, there is a staking fee of 2% per annum. This fee is deducted from the staking rewards you earn. So, if you earn 100 ADA in staking rewards, 2 ADA will be deducted as the staking fee.
Apr 02, 2022 · 3 years ago
Absolutely! Staking ADA on KuCoin comes with a small fee. The staking fee is 2% per annum, which means that if you stake 100 ADA, you'll be charged 2 ADA as the staking fee for a year. This fee is automatically deducted from your staking rewards.
Apr 02, 2022 · 3 years ago
Yes, there are fees associated with staking ADA on KuCoin. However, the specific fee structure may vary depending on the platform. For example, BYDFi charges a staking fee of 2% per annum for staking ADA. It's always a good idea to check the platform's fee schedule before staking your ADA.