Disclaimer: CoinSpot's Earn program has been temporarily suspended as of September 2023 until further notice, due to regulatory uncertainty in Australia. Therefore, please note that the information in the article is not current.
If you are looking for a place to stake your crypto in 2025, check out this list of the best places to stake crypto in Australia.
Key Takeaways
- CoinSpot is a crypto exchange in Australia that allows users to earn interest on their crypto by staking it through their "Earn" product.
- To stake crypto on CoinSpot, users need to register an account, verify it, deposit AUD or crypto, buy the crypto they want to stake, and finally click "Earn" to start earning interest.
- CoinSpot allows users to stake various cryptocurrencies, including ADA (Cardano), which is a popular coin for staking on the platform.
You’ve probably heard that CoinSpot now offers staking—but they’ve rebranded it as “Earn”. The idea is the same though: you deposit your crypto into CoinSpot Earn, and in return, you get rewards (aka interest) on your holdings.
How to stake crypto using CoinSpot?
Staking your crypto on CoinSpot, one of Australia's top crypto exchanges is very straightforward. You simply need to register an account, buy the crypto that you want to stake (or deposit it from a different crypto exchange), click "Earn", then begin earning interest! Follow the steps below for a detailed guide with screenshots to help you start staking crypto within minutes. If you already have a CoinSpot account with crypto you want to stake, and you don't know how to start staking, skip straight to step 6.
There are six easy steps which I will go through in detail below:
Step 1: Open an account with CoinSpot
Step 2: Verify your CoinSpot account
Step 3: Deposit money or crypto into your account
Step 4: Go to the Buy section
Step 5: Buy the crypto you want to stake
Step 6: Stake crypto to start earning interest
Step 1 - Open an account with CoinSpot
The first thing to do is register with CoinSpot, the #1 crypto exchange for staking crypto in Australia. If you already have an account with CoinSpot, you can skip to step 3.
To open an account, click here to go to the CoinSpot homepage. Click on "Register" in the top right corner, and you will be taken to a sign-up page like the image below. Enter your email address, choose a password, click to prove you're not a robot, and then click Create Account.
Step 2 - Verify your Coinspot account
Once you’ve signed up for your CoinSpot account, the next step is to verify it so you can unlock all the features—including staking through CoinSpot Earn.
Here’s what to do next:
Click the “Complete Verification” button on your dashboard.
Start by verifying your email address—you’ll get a link sent to your inbox.
Then, fill in your personal details (name, address, date of birth, etc.).
Finally, you’ll need to verify your identity using your driver’s license (or another accepted ID).
After submitting your info, there might be a short wait while they process the verification. While you're waiting, it’s a great time to explore the CoinSpot site, get a feel for the dashboard, and see which coins are available for Earn so you’re ready to go as soon as you’re verified.
Step 3 - Deposit money or crypto into your account
Once your CoinSpot account is verified, you’re ready to deposit AUD and start your crypto journey.
Here’s how to do it:
Click the “Deposit Funds” button—it's right under the CoinSpot logo in the top left corner.
You’ll land on the Deposit Funds page, which shows you five different deposit options.
The best method for most people is POLi—it’s instant, free, and super easy to use.
Just enter the amount of AUD you want to deposit, choose your bank, then click “Continue to POLi” to make the payment.
Once the deposit goes through (usually within seconds), you’ll have funds in your CoinSpot account, and you’re all set to start buying crypto—or stake it with CoinSpot Earn.
If you already own the coin you want to stake, and it’s stored on a different crypto exchange or wallet, you’ll need to deposit it into your CoinSpot account before you can start earning interest on it.
For example, if you have ADA (Cardano) and want to send it to CoinSpot, click on "Wallets" in the top menu, search for ADA, and then click "Open ADA Wallet." Your wallet will look similar to the image below.
Click on "Receive" on the left side, and you’ll see a long string of characters—this is your Cardano wallet address.
Next, log in to the platform or wallet where your ADA is currently held (this could be another exchange or a hardware wallet). Copy and paste the CoinSpot ADA address to send your funds. If you're using a mobile device on the other platform, you can tap "Show QR Code" on CoinSpot and scan it using your camera.
Once the ADA has arrived in your CoinSpot wallet, you can jump to step 6 and start staking.
Step 4 - Go to the Buy section
When your money has arrived in your CoinSpot account, it’s time to buy the cryptocurrency you want to stake.
Click here to see which cryptocurrencies are available for staking on CoinSpot.
To get started, click on “Buy/Sell” in the top menu, then use the search bar to find the crypto you want to buy.
Let’s use ADA (Cardano) as an example, since it’s a popular choice for staking.
Type ADA into the search field, then click the blue “Buy ADA” button.
Step 5 - Buy the crypto you want to stake
You will be taken to the purchase screen, where you’ll see the current price of one coin displayed in the center. Enter the amount of AUD you want to spend on the coin, then click the blue “Buy” button to complete your purchase.
You will see a pop-up window showing a summary of your purchase. It will display how many coins you’ll receive, the price per coin, the fee charged, and the total amount you’ll be paying. In this example, I selected $500 worth of ADA. Once you’ve checked everything and you’re happy with the details, click “Confirm Buy” to finalise the transaction.
Step 6 - Stake crypto to start earning interest
Now that your CoinSpot account holds the crypto you want to stake, it’s time to start earning interest.
Click on "Wallets" in the top menu, then search for the cryptocurrency you want to stake—in this example, we’ll use ADA. Click on "Open ADA Wallet", and you’ll be taken to your Cardano wallet.
On the left side, click "Earn", and you’ll see a page that looks similar to the screenshot below. Enter the amount of ADA you want to earn interest on, then click the "Confirm Lend Amount" button.
Your ADA will now be earning 5.1% APY.
Keep in mind that not every coin on CoinSpot can be staked. Only 21 coins are currently supported, which you can view here. If a coin isn’t eligible for staking, the "Earn" button won’t appear in its wallet.
Frequently Asked Questions:
What coins can you stake on CoinSpot?
Currently, you can stake 21 coins, including popular ones like ADA, AXS, BNB, DOT, MATIC, and CRO. For the full list of supported coins, click here.
Can you stake Polygon on CoinSpot?
Yes, MATIC (Polygon) is supported on CoinSpot Earn. You can start earning interest on it by opening an account with CoinSpot.
What’s the difference between staking and CoinSpot Earn?
Traditional staking involves locking your crypto in a staking pool to help validate transactions on a blockchain, earning rewards over time based on your contribution.
CoinSpot Earn, on the other hand, lets you lend your crypto to CoinSpot and earn a fixed interest rate with no fees or lock-up periods. While it’s technically not staking, many users still refer to it that way, which is why we use the term in this article.
What are the interest rates on CoinSpot?
It depends on the coin. For example:
- ADA earns 5.1% APY
- BNB earns 5% APY
- MATIC earns 12.8% APY
- AXS earns a massive 78% APY
You can check the current rates in the “Earn” section of your CoinSpot wallet or view them here.
Is staking crypto safe on CoinSpot?
Yes, CoinSpot is considered one of the most secure and trusted exchanges in Australia. Your crypto is safe when using CoinSpot Earn.
Can I lose crypto by staking?
No, you won’t lose the number of coins you stake or lend through CoinSpot Earn. However, keep in mind that the value of the coin may fluctuate, so the dollar value of your holdings could decrease if the market dips—but this would happen even if you weren’t staking.
Marketplacefairness.org provides all its content for informational purposes only, and this should not be taken as financial advice to buy, trade or sell cryptocurrency or use any specific exchange. Please do not use this website as investment advice, financial advice or legal advice, and each individual's needs may vary from that of the author. This post includes affiliate links with our partners who may compensate us.
To view our privacy policy and terms of service click the link.
