Algorand (ALGO) staking calculator

By:

Prash Raval

Prash is a financial writer for Invezz covering FX, the stock market and investing. For over a decade he has traded spot FX full time while... read more.

Updated: Nov 8, 2022

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Find out instantly how much ALGO interest you could generate by entering your staking amount and how long you want to stake your Algorand for. 

How to use our Algorand staking APY calculator

The Algorand rewards calculator is super simple. Just follow these steps to find out how much you could earn through staking Algorand today.

1. Enter how much Algorand you want to stake. You stake as much or as little ALGO as you like.
2. Choose your reward frequency. Put in whether you’re going to receive your rewards daily, weekly, monthly, or annually. 
3. Enter the interest rate. The rewards rate is an annual rate, even if you receive daily payouts.
4. Enter how long you want to stake your ALGO for. Normally, the longer you lock your money up for, the higher the possible rewards.

And that’s it! The results update automatically as soon as you change any of the details.

Where to stake Algorand

Our preferred platform for staking Algorand is eToro . It’s a great place to store and keep your money safe while also offering a range of staking and payout options.

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How do I stake Algorand?

The easiest way to stake ALGO is to use a platform like Nexo to join a staking pool. The staking platform takes care of the technical side of things for you and pays out your rewards straight into your account at regular intervals, just like how a bank credits a savings account at the end of each month.

Once you’ve chosen a platform and created an account, you usually just need to send your ALGO to the built-in wallet. Sometimes you need to actively choose to stake, while with other platforms the Algorand is staked automatically.

For example, with Nexo, you start earning interest immediately, as soon as you have ALGO in your Nexo account. You then have the option to create fixed-term contracts which pay higher rates for a period of time.

How much can I make by staking Algorand?

Use the Algorand earn calculator to find out exactly how much you could make. However, in almost every instance staking ALGO pays a better rate of interest than keeping fiat currency in a bank savings account.

For example, if you have £1000 in a savings account paying 1% interest, over the course of the year you would earn £10. This is normally paid into your account on a monthly basis.

Algorand staking rewards are higher, more flexible, and can be paid out more frequently. For instance, if you spend $1000 to buy ALGO and deposit it onto a staking platform, then you may be able to earn significantly more and receive that money on a daily basis. If the ALGO reward was 8%, this would be the calculation:

£1000 x 8% APY rewards = £80

£80/365 days = £0.21 per day

Or in Algorand:

1 ALGO x 8% APY rewards = 0.08 ALGO

0.08 ALGO/365 days = 0.0002 ALGO per day

You can also choose to adjust your staking amount or withdraw your money at any time without losing out on your rewards. The trade-off is that the price of the coin is more volatile than fiat currency and the value of your holdings can fluctuate dramatically. 

Can I stake other cryptos?

Yes, you can stake lots of cryptocurrencies and spread your money into different platforms to get the best rates, if you like. Here are some other cryptos that offer great staking rewards:

• Ethereum. Ethereum is the second largest crypto and a smart contract blockchain. 
• Polygon. Polygon lets you connect Ethereum blockchains.
• Cardano. Cardano is one of the most popular cryptocurrencies.