ICON Staking Calculator: Work Out Interest & Rewards

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:  Sep 5, 2024

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Find out instantly how much ICX interest you could generate by entering your staking amount and how long you want to stake your Icon (ICX) for. 

How to use our ICON staking APY calculator

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

1. Enter how much ICON you want to stake. You stake as much or as little ICX 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 ICX 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 ICON

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

Most popular

1

Min Deposit

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Best offer

User Score

9.6

Offers maximum flexibility for crypto trading strategies.

Responsive customer support through various channels, including live chat, email, and a comprehensive help center.

Wide range of trading options, including spot trading, margin trading, and futures contracts.

Start Trading more info

Payment Methods:

Bank Transfer, Debit Card, Credit Card, Wire Transfer, Visa, Mastercard, American Express, Apple Pay, Google Pay, Discover, Bank Transfer: SEPA

Full Regulations:

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.

How do I stake ICON?

The easiest way to stake ICX is to use a platform like Kraken 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 ICX to the built-in wallet. Sometimes you need to actively choose to stake, while with other platforms the ICON is staked automatically once you have some in your account.

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

But there are other platforms, like Binance or eToro, where you can buy a wider variety of coins but staking is either a more active process or the fees for doing so are considerably higher: between 35-45% on eToro or 25-35% on Binance.

How much can I make by staking ICON?

Use the ICON earn calculator to find out exactly how much you could make. However, in almost every instance staking ICX 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.

ICON staking rewards are higher, more flexible, and can be paid out more frequently. For instance, if you spend $1000 to buy ICX 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 ICX reward was 8%, this would be the calculation:

$1000 x 8% APY rewards = $80

$80/365 days = $0.21 per day

Or in ICON:

1 ICX x 8% APY rewards = 0.08 ICX

0.08 ICX/365 days = 0.0002 ICX 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.