Earn Upto 5% APY On Crypto Staking

Crypto staking is a way to earn rewards by holding and "locking up" your cryptocurrency in a wallet to support the operations of a blockchain network. It's similar to earning interest in a savings account, but with crypto assetsnew.

Yes, holding and staking cryptocurrencies is currently legal in India. However, it's important to note that the crypto market in India is still largely unregulated. While the government has introduced taxation, a comprehensive regulatory framework is still evolving.

As per current Indian tax laws (effective from April 1, 2022), any income or gains from Virtual Digital Assetsnew (VDAs), including staking rewards, are taxed at a flat rate of 30% (plus applicable surcharge and cess). You cannot deduct any expenses (except the cost of acquisition) or set off losses from other crypto transactions against these gains.

The 1% TDS rule (under Section 194S) primarily applies to the transfer or sale of VDAs. Staking rewards are treated as income. While SunCrypto aims for full compliance, we recommend consulting a qualified tax advisor for personalized guidance on how TDS may apply to your specific staking reward payouts and overall crypto income.

It's simple! Once you have a SunCrypto account, you can purchase any amount of supported crypto assetsnew and immediately transfer them to SunCrypto Staking. Your holdings will then start earning staking rewards. SunCrypto manages the complex technical processes for you.

SunCrypto offers competitive Annual Percentage Yields (APYs) on staked assetsnew, which can go up to 5%. The exact APY varies depending on the specific cryptocurrency, network conditions, and overall staking pool. You can see the estimated APY for each asset within the SunCrypto app.

While staking offers passive income, it comes with certain risks: price volatility, liquidity risk (lock-up periods), slashing risk, smart contract risk, and platform risk. It's crucial to understand these before staking.

Slashing is a penalty imposed by a blockchain protocol on validators who act maliciously or perform invalid functions, resulting in a loss of a portion of their staked tokens. At SunCrypto, we use highly effective validators and guarantee to reimburse any losses (slashes) that occur due to errors within our validation process.

Open a SunCrypto Account > Deposit INR: Fund your SunCrypto wallet > Purchase Crypto > Transfer to Staking > Start Earning.

No, absolutely not! SunCrypto simplifies the entire staking process. You don't need any technical skills to set up nodes, manage servers, or claim rewards. Our intuitive user interface handles all the complexities for you.