Polkadot (DOT) staking calculator
Find out instantly how much DOT interest you could generate by entering your staking amount and how long you want to stake your Polkadot for.
Calculate your Polkadot staking rewards
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How to use our Polkadot staking APY calculator
The Polkadot rewards calculator is super simple. Just follow these steps to find out how much you could earn through staking Polkadot today.
- Enter how much Polkadot you want to stake. You stake as much or as little DOT as you like.
- Choose your reward frequency. Put in whether you’re going to receive your rewards daily, weekly, monthly, or annually.
- Enter the interest rate. The rewards rate is an annual rate, even if you receive daily payouts.
- Enter how long you want to stake your DOT 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 Polkadot
Our preferred platform for staking Polkadot is eToro . It’s a great place to store and keep your money safe while also offering a range of staking and payout options.
How do I stake Polkadot?
The easiest way to stake DOT 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 DOT to the built-in wallet. Sometimes you need to actively choose to stake, while with other platforms the Polkadot is staked automatically.
For example, with Nexo, you start earning interest immediately, as soon as you have DOT 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 Polkadot?
Use the Polkadot earn calculator to find out exactly how much you could make. However, in almost every instance staking DOT 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.
Polkadot staking rewards are higher, more flexible, and can be paid out more frequently. For instance, if you spend $1000 to buy DOT 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 DOT reward was 8%, this would be the calculation:
£1000 x 8% APY rewards = £80
£80/365 days = £0.21 per day
Or in Polkadot:
1 DOT x 8% APY rewards = 0.08 DOT
0.08 DOT/365 days = 0.0002 DOT 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:
- Bitcoin. Bitcoin is the original crypto and the largest in the world.
- Ethereum. Ethereum is the second most popular cryptocurrency.
- Solana. Solana is a proof of stake blockchain.
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