Staking Wallet Guide: Earn Network Rewards using Leap Wallet

What Makes Leap the Best Wallet for Staking Crypto?

Leap Wallet supports numerous chains that offer staking options, including:

• Cosmos Hub

• Celestia

• Injective

• Osmosis

• Saga

When you stake your assets on these networks, you earn a share of the network's block rewards and transaction fees.

This creates a passive income stream while you hold your crypto.

No complicated setups. No technical knowledge required.

How to Claim Your Staking Rewards on Leap Wallet

Claiming your rewards is straightforward whether you're using the mobile app or browser extension.

Claiming Rewards on Browser Extension

Here's how to claim your staking rewards on the browser extension:

1. Navigate to the staking section of your chosen network

2. Find your staked assets

3. Click on the "Claim" button

4. Confirm the transaction

5. Pay the small gas fee

6. Receive your rewards directly in your wallet

Claiming Rewards on Mobile App

The mobile process is equally simple:

1. Go to the "Stake" tab on your chosen network

2. Tap the "Claim" button

3. Select "Claim all" to receive all available rewards

4. Approve the transaction and pay the gas fee

5. Wait for confirmation notification

That's it! Your rewards are now in your wallet, ready to be used however you wish.

Why Choose Leap as Your Staking Wallet?

When comparing the best wallets for staking crypto, Leap stands out for several reasons:

• Multi-chain support: Stake across numerous networks from one interface

• User-friendly design: Simple enough for beginners, powerful enough for experts

• Security first: Your keys remain in your control at all times

• Regular updates: Continuous improvements to the staking experience

• Transparent fees: Clear gas fee information before confirming transactions

Maximising Your Staking Portfolio

To get the most from your staking wallet:

• Consider the annual percentage yield (APY) when choosing validators

• Diversify your stakes across multiple validators for security

• Regularly claim and compound your rewards

• Stay informed about network upgrades that might affect staking

• Monitor validator performance and consider redelegating if necessary

Common Questions About Staking with Leap Wallet

How often should I claim my staking rewards?

This depends on the gas fees versus the reward amount. For smaller amounts, claiming monthly makes more sense to minimise fees eating into profits.

Can I unstake my crypto at any time?

Most networks have an unbonding period (typically 7-28 days) during which your assets are locked and not earning rewards.

Are staking rewards taxable?

In most jurisdictions, staking rewards are considered taxable income. Keep records of all claims for tax purposes.

What happens if my chosen validator gets slashed?

If a validator misbehaves, they may get "slashed" (penalised), which could affect a portion of your staked assets. This is why diversification across validators is recommended.

Can I stake any cryptocurrency in Leap Wallet?

You can stake any supported Proof-of-Stake cryptocurrency that's available on the networks Leap supports.