FAQ - CoinStake
Disclaimer: Please read this first

Although we can help you to earn more rewards from POS crypto coins, we don’t provide any investment advice. Please do your own research before you make any investment. Feel free to talk to other users in our Discord server and read the information about the coins you’re interested in on their websites and all other available channels. We research the coins we add and get into contact with the coin teams, but that doesn’t mean us adding a coin to our service is an endorsement of that coin. You make all your investments at your own risk. Please always follow the iron rule of investment: don’t invest more than you can easily afford to lose.

Who we are?

We are a group of dedicated people aiming to establish a common platform with people who are sharing our enthusiasm about crypto coins. We are translating our experiences about networking and web security into providing a safe environment for those like minded people who wants invest in crypto currencies , masternodes and staking proof of stake coins.

What does staking means?

Staking is the process where a cryptocurrency P.O.S (Proof of Stake) wallet stakes a sum of coins when broadcasting to the network that the transaction they are processing is true and not malicious. In other words, Proof of Stake (PoS) concept states that a person can mine or validate block transactions according to how many coins he or she holds. This means that the more altcoin owned by a miner, the more mining power he or she has.

Is there a fee to join the pool?

We charge 3% fee of every staking reward. The fee for rewards of shared masternodes is 5%.

How does the pool work?

We combine all deposits into a large pool to receive more rewards in a shorter time and distribute the rewards to all users based on their deposit. While we can optimize staking efficiency in this way, there is always the luck component of staking, and we cannot guarantee stakes. This is the nature of Proof of Stake and not under our control. You can check the coin explorers for rewards and check everything there: our pool is 100% transparent.

Is there a minimum amount of coins per deposit?

No, you can deposit any number of coins to our pool, and you will receive a share of the staking rewards based on the percentage of the pool you hold.

Where is the address to send to?

You can generate your own deposit address under the Dashboard tab after you log in to your account.

When can I make a deposit?

You can make deposits at any time and the coins will be added to your balance automatically.

Can I add more coins, or can I only deposit once?

You can deposit as many times as you like. All deposits will count towards your total balance and your share of the pool increases with each reward or deposit.

Can I transfer from an exchange directly to the pool, or to my Desktop Wallet first and then to the pool?

You can send from any wallet to our pool, from exchanges and from personal wallets.

What is a shared masternode?

A masternode is a feature of many blockchains which requires a certain amount of coins to be locked. The masternode will then validate transactions on the network and increase the networks stability. As a masternode can be very expensive, we offer shared masternodes where you can temporarily put your coins into a masternode. As long as your coins are in the masternode you will receive masternode rewards which are more frequent and often higher than staking rewards.

How do I participate in a shared masternode?

The first thing you have to do is make a deposit. You can get your personal deposit address in the Dashboard tab of your account page and send coins there. After that you can visit the Masternode tab and see the Available Masternodes. If there are currently no masternodes available for the coin you hold, please wait for us to add new ones. We add new masternodes regularly.

Will I lose the coins I put into a masternode?

No, you can cancel your participation in a shared masternode at any time. Depending on demand and pool balances your cancellation can be either instantaneous or take a few hours. Your coins will then return to your staking balance.

Where can I find information about masternode coins?

A good source is masternodes.online which lists information for almost all the coins we have shared masternodes for. You can also check the coins own web-site.

Are there any requirements to participate in a shared masternode?

Yes, there are different slot sizes for each coin. You can find the information for each masternode in the Masternode section of your account website.

What happens to the rewards I get from a shared masternodes?

The rewards will be added to your account balance. You can leave them there to have them stake (if the coin also allows staking), or you can request a withdrawal at any time.

What are the fees for shared masternodes?

The fee for participating in a shared masternode is 5% of each reward. The fees will be used to maintain the server infrastructure and the masternode hosting systems.

How long does it take to receive the first reward after joining a shared masternode?

When you book a masternode slot you will see if the masternode is either Pending or Active. If the masternode is pending, then you will not receive rewards until it has been started. After a masternode is started it takes approximately 3 times the average reward frequency for it to get the first reward. You can see this frequency on masternodes.online.

Can I cancel my participation in a shared masternode?

You can cancel your participation at any times. For masternodes that have been in our system for a longer time and where we have a high demand, the cancellation will be processed immediately. For newer coins or coins with a lower demand it may take a few hours before your request can be approved. This is necessary to maintain the masternode collateral.

When can I make a withdrawal?

You can request withdrawals at any time. Your request will be pending in your account until it is processed, which happens once per day. This delay is necessary to not disturb staking inputs.

Can I use an exchange as my return address?

You can request a withdrawal to any address, personal wallet or exchange wallet.

How do I check on my coins?

All coin balances, deposits, withdrawals and rewards are logged in your activities section under the Dashboard tab in your account.

When a pool stakes, will the reward go back to my wallet?

The rewards will be added to your account balance and increase your staking balance automatically.

Is there any need to keep my wallet open if I sent coins over to the pool?

No, this is one of the main benefits of staking in a pool. Deposit your coins and check on them as often as you like, but you don’t need to keep the website open or the computer running.

What do I have to do in order to be able to earn referral commissions?

You can share your personal invite link with others and when they register over your link they become your affiliates and you will receive a share of the fees they pay to our service. You can find your personal invite link on top of the Home page in your account.

Can´t find what you’re looking for? Get in touch with our support.

The fasted way to find answers to your questions is to join our Discord server, which you can also find inside your account or over this link.