What is Staking?

Staking is the process of locking up cryptocurrency to support a proof-of-stake blockchain network. In return, you earn rewards in the form of additional tokens. It's like earning interest on a savings account, but with crypto.

Popular Staking Coins

• Ethereum (ETH) - 3-5% APR via Lido, Rocket Pool, or exchanges
• Solana (SOL) - 5-7% APR
• Polkadot (DOT) - 10-14% APR
• Cardano (ADA) - 3-5% APR

Staking in the UK - Tax

Staking rewards are generally taxed as income (Income Tax) at your marginal rate. Any subsequent gains from selling staked tokens are subject to CGT. Keep detailed records.