Fees
At Netcoins, we offer our users a simple and easy to use staking experience through our mobile app. Netcoins charges a fee in exchange for providing this service, the fee is a percentage of staking rewards earned by the user. Since Netcoins works with third party service providers to deliver the staking service (validators), they also charge a fee for providing the service.
Below is an example of the reward and fee structures (example based on annual returns):
| User ETH Staked | 10 ETH |
| Gross Reward (4.75% Network Rate*) | 0.475 ETH |
| Less: Validator Fee (10%) | 0.0475 ETH |
| Net Reward distributed to Netcoins | 0.4275 ETH |
| Less: Netcoins Fee (30%) | 0.12825 ETH |
| Reward distributed to user | 0.29925 ETH |
*This is an example only, reward rates are set by the network. Rewards are not guaranteed and network reward rates can change at any time.
You can view the fees for each reward received in the “Staking Activity Details” section within the staking dashboard of your mobile app. Netcoins fees for each cryptocurrency offered through the staking service are outlined in the tables below
Bonding and Unbonding:
Bonding refers to the process of committing or locking up your cryptocurrency as collateral in order to participate in the network's consensus mechanism and earn rewards.
Unbonding refers to the process of withdrawing your staked cryptocurrency from the network. When you initiate an unstaking request, it goes through an exit process on-chain on the network which is referred to as unbonding. The unbonding time is variable and may take hours, days or weeks depending on the congestion in the network. You will only get full access to your crypto once this unbonding period is complete.
Netcoins provides users with estimated bonding and unbonding periods based on current Network activity and information provided to Netcoins form our service providers. Bonding and unbonding durations can change at any time. It is important to understand these lock-up periods before staking your crypto assets.
A summary of current Netcoins fees and important staking terms for each crypto asset can be found in the table(s) below:
ETH Staking Details:
| Netcoins service Fee* | 30% |
| Bonding period** | 14 Days |
| Unbonding period** | 10 Days |
| Netcoins reward cycle | 24 hours |
| Minimum amount to stake | 0.001 ETH |
*Netcoins service fee is applied to the net reward distributed to Netcoins from the validator.
**Bonding and Unbonding period may change at any time and depends on congestion within the network