Cryptocurrency staking has become one of the most popular ways to generate passive income in the blockchain space. By locking up your digital assets, you help secure a network and, in return, earn rewards. The Tangem Wallet offers a secure and user-friendly way to stake directly from your mobile app—without ever compromising control of your private keys. This comprehensive guide walks you through everything you need to know about staking with Tangem, from setup to optimization, ensuring you make the most of your crypto holdings.
What Is Staking?
Staking involves locking a certain amount of cryptocurrency in a wallet to support the operations of a blockchain network—particularly those using Proof-of-Stake (PoS) or its variants like Delegated Proof-of-Stake (DPoS). In exchange for helping validate transactions and create new blocks, participants receive staking rewards, typically paid in the same token.
Tangem Wallet currently supports native staking for major networks including Solana (SOL), TRON (TRX), Cosmos (ATOM), Binance Coin (BNB), and Polygon (MATIC). Additional networks such as Polkadot, Cardano, Ton, Cronos, and NEAR are planned for future integration.
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Prerequisites for Staking with Tangem
Before diving into staking, ensure you meet the following requirements:
- Tangem Hardware Wallet: You’ll need either a Tangem card or ring paired with the official Tangem Wallet app.
- Supported Cryptocurrency: Hold at least the minimum required amount of a stakable asset (e.g., 1 SOL or 1 BNB).
- NFC-Enabled Smartphone: Tangem uses Near Field Communication (NFC) technology to sign transactions securely.
- Stable Internet Connection: Required to interact with blockchain networks.
- Access Code or Biometrics: Used to confirm actions within the app.
Ensure your Tangem app is updated to the latest version via the App Store (iOS) or Google Play (Android) to access all features and security patches.
Step-by-Step Staking Guide
This tutorial uses Solana (SOL) as an example, but the process is nearly identical across all supported networks.
Step 1: Open the Tangem Wallet App
Launch the app and log in using your access code or biometric authentication. If this is your first time, follow the onboarding steps to set up your wallet securely.
Step 2: Select Your Cryptocurrency
On the home screen, tap the cryptocurrency you wish to stake. If it’s not visible, go to “Manage Tokens”, search for the coin (e.g., Solana), and add it to your portfolio.
Step 3: Initiate Staking
On the token’s details page, tap “Stake”. You’ll see key information such as:
- APR (Annual Percentage Rate): Estimated yearly return.
- Unbonding Period: Time needed before unstaked tokens become available (e.g., 14 days for TRON).
- Reward Frequency: How often rewards are distributed.
Review these details carefully, then tap “Stake” again to proceed.
Step 4: Choose Amount and Validator
Enter the amount you want to stake. Note that some networks have minimum thresholds.
Next, select a validator. While Tangem automatically recommends high-performing validators based on APR, you can manually choose another. Consider:
- Uptime reliability
- Commission fees (typically 5–10%)
- Reputation and decentralization
Tap “Continue” once your selection is made.
Step 5: Sign the Transaction
Confirm the staking details, then tap “Stake”. Authenticate using your access code or biometrics. Finally, tap your Tangem card or ring against your phone’s NFC area to sign the transaction.
The app will display confirmation once the network processes it.
Step 6: Monitor Your Rewards
After staking, your assets begin earning rewards. Track them under “Native Staking” on the token page.
Reward distribution varies by network:
- Solana: Rewards are auto-compounded but must be claimed manually through unstaking.
- TRON: Rewards require manual claiming, which incurs a small gas fee.
Step 7: Claiming Rewards (Example: TRON)
For networks requiring manual claims:
- Go to the TRX token page.
- Tap “Native Staking” > “Rewards” > “Claim Rewards”.
- Authenticate and sign with your Tangem device.
- Rewards are credited shortly after confirmation.
Step 8: Unstaking Your Tokens
To withdraw your staked assets:
- Open the token’s staking section.
- Tap “Your Stakes” and select the validator.
- Choose “Unstake”, authenticate, and sign via NFC.
- Wait out the unbonding period—your funds will be unlocked afterward.
Note: Solana does not support partial unstaking; you must unstake your entire balance at once.
Staking via DeFi Platforms Using WalletConnect
Beyond native staking, Tangem supports DeFi staking through WalletConnect. This allows you to participate in protocols like Benqi (Avalanche) or Lido without exposing your private keys.
Here’s how:
- Open Tangem Wallet and select WalletConnect.
- Scan the QR code or paste the connection link from the dApp (e.g.,
staking.benqi.fi). - Follow the dApp’s interface to stake tokens like AVAX.
- Approve each transaction using your Tangem card or ring.
While DeFi offers higher yields, it also introduces risks such as smart contract vulnerabilities—only use audited and trusted platforms.
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Key Tips for Successful Staking
- Choose Validators Wisely: Prioritize reliability over slightly higher APRs.
- Reinvest Rewards: Compounding increases long-term gains.
- Understand Network Rules: Know minimum stakes, unbonding times, and penalties.
- Keep App Updated: Stay protected with security patches and new features.
- Secure Your Devices: Store backup cards safely—loss could mean permanent access issues.
- Stay Tax-Aware: Staking rewards may be taxable; consult local regulations.
Benefits of Staking with Tangem Wallet
- ✅ Offline Security: Private keys are stored on an EAL6+ certified chip—immune to online attacks.
- ✅ No Third Parties: Native staking keeps your assets in your custody.
- ✅ Multi-Network Support: Stake across leading PoS blockchains.
- ✅ Intuitive Interface: Simple navigation makes staking accessible to beginners.
- ✅ Portable Design: Cards and rings fit easily in wallets or keychains.
Potential Risks to Consider
- 🔹 Validator Downtime: Poor performance reduces rewards.
- 🔹 Slashing Penalties: Misbehavior by validators can lead to fund loss—but Tangem’s backend provider StakeKit covers slashing risks.
- 🔹 Lock-Up Periods: Funds are illiquid during unbonding phases.
- 🔹 Market Volatility: Price swings affect overall profitability.
- 🔹 Smart Contract Risk: Applies only to DeFi staking; avoid unaudited platforms.
Frequently Asked Questions
Q: Can I stake multiple cryptocurrencies at once?
A: Yes—Tangem allows simultaneous staking across supported networks like SOL, ATOM, and MATIC.
Q: Are staking rewards automatically compounded?
A: On Solana, yes—they’re added to your stake automatically—but you must manually claim them later.
Q: What happens if I lose my Tangem card?
A: As long as you have backup cards and remember your access code, you can restore access.
Q: Is there a minimum amount required to stake?
A: Yes—networks like BNB require at least 1 token; others like ATOM have lower thresholds.
Q: Can I switch validators after staking?
A: Yes—unstake first, then restake with a different validator.
Q: Does Tangem charge staking fees?
A: No—Tangem itself doesn’t take a cut. However, validators may charge commission on rewards.
Final Thoughts
Staking with Tangem Wallet combines enterprise-grade security with effortless usability. Whether you're new to crypto or an experienced holder, Tangem empowers you to earn passive income while maintaining full control of your assets. With ongoing network expansions and robust protection mechanisms, it's an ideal solution for long-term investors seeking simplicity and safety.