Icon (ICX) 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: Jan 13, 2023

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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 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 Uphold . 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 Icon?

The easiest way to stake ICX is to use a platform like [top-partner] 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.

For example, with 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.

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. 

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:

• Digibyte. Digibyte lets developers build applications on the blockchain. 

• Litecoin. Litecoin is a similar crypto to Bitcoin with faster speeds.

• Monero. Monero lets you securely make payments.