Staking with Tangem Wallet – A Comprehensive Guide

Cryptocurrency staking offers a way to earn passive income by locking your crypto assets in a wallet to support blockchain networks and receive rewards. The Tangem Wallet provides a user-friendly and secure solution for staking cryptocurrencies directly within its app. This step-by-step guide will walk you through staking with Tangem, covering fundamentals, best practices, and tips to maximize your rewards.

What Is Staking?

Staking involves locking a specific amount of cryptocurrency in a wallet to support blockchain security and functionality. In return, you earn rewards, typically paid as additional tokens. It operates on Proof-of-Stake (PoS) or its variants (e.g., Delegated Proof-of-Stake). Tangem Wallet currently supports native staking for:

• Solana (SOL)
• TRON (TRX)
• Cosmos (ATOM)
• Binance Coin (BNB)
• Polygon (MATIC)

Plans to add Polkadot, Cardano, Ton, Cronos, and NEAR are underway.

Prerequisites

Before staking, ensure you have:

1. Tangem Wallet & App: A Tangem hardware wallet (cards/ring) and the app installed on your NFC-enabled smartphone.
2. Supported Cryptocurrencies: Hold the asset you wish to stake (e.g., SOL, TRX) in your Tangem Wallet.
3. NFC & Internet: Enable NFC and maintain a stable internet connection.
4. Authentication: Use your access code or biometrics (fingerprint) to sign transactions.

Step-by-Step Staking Guide

Step 1: Open the Tangem Wallet App

• Launch the app and ensure your wallet is set up.

Step 2: Select Your Cryptocurrency

• Choose the token (e.g., Solana) from your portfolio. If missing, add it via "Manage Tokens."

Step 3: Initiate Staking

• Tap "Stake" and review:

  • APR: Estimated annual yield.
  • Unbonding Period: Time to unlock tokens (varies by network).
  • Reward Schedule: How often rewards are distributed.

Step 4: Choose Amount & Validator

• Enter the amount to stake (note minimums, e.g., 1 BNB).

• Select a validator based on:

  • Uptime: Higher reliability = fewer penalties.
  • Fees: Some validators charge commission on rewards.

👉 Maximize staking rewards with these validator tips

Step 5: Sign the Transaction

• Confirm details, authenticate, and sign via NFC with your Tangem card/ring.

Step 6: Monitor Rewards

• Track rewards under "Native Staking." Payout frequency varies:

  • Solana: Auto-compounded; manual claiming required.
  • TRON: Manually claim rewards (small gas fee applies).

Step 7: Claiming Rewards (TRON Example)

1. Navigate to TRX in the app.
2. Select "Native Staking" → "Rewards" → "Claim."
3. Authenticate and sign.

Step 8: Unstaking Tokens

• Tokens undergo an unbonding period (e.g., 14 days for TRON). To unstake:

  1. Select the staked asset → "Native Staking" → "Your Stakes."
  2. Choose validator → "Unstake."
  3. Authenticate and sign.

DeFi Staking via Tangem Wallet

Tangem supports staking through WalletConnect-enabled dApps (e.g., Benqi for Avalanche). Steps:

1. Open the app and connect to the dApp via WalletConnect.
2. Follow the dApp’s instructions to stake (e.g., AVAX).
3. Sign the transaction with your Tangem card.

Caution: DeFi staking carries smart contract risks. Use trusted platforms like DefiLlama.

Pro Tips for Optimal Staking

• Validator Selection: Prioritize high-uptime, low-fee validators.
• Reinvest Rewards: Compound earnings by restaking.
• Stay Updated: Keep the app and validator info current.
• Security: Safeguard backup cards and access codes.

👉 Explore Tangem’s security features here

Risks & Considerations

• Slashing: Validator penalties may reduce rewards (covered by StakeKit for Tangem users).
• Lock-Up Periods: Tokens are illiquid during unbonding.
• Market Volatility: Asset values fluctuate, impacting ROI.

FAQ

1. Is Tangem Wallet safe for staking?

Yes! Private keys are stored offline on EAL6+-certified chips, and transactions require NFC authentication.

2. What’s the minimum staking amount?

Depends on the network (e.g., 1 BNB for Binance Coin).

3. Can I unstake anytime?

Tokens are locked during the unbonding period (e.g., 2–14 days).

4. Are staking rewards taxable?

Potentially. Consult local tax regulations.

Conclusion

Tangem Wallet merges security (hardware-backed keys) with simplicity (intuitive app) for seamless staking. By following this guide, you can confidently stake assets like SOL, TRX, or ATOM while earning passive income.

For further queries, visit Tangem’s blog or contact support via the app.

Ready to start? Tangem’s 2-card set starts at ~$50—affordable, secure, and efficient.