In this article:
Overview
Unstaking your crypto removes your assets from the staking process. When you unstake your crypto, it'll no longer be earning staking rewards.
Important notes about unstaking:
- Staked assets must go through a cool-down period to unstake from the network.
- Cool-down periods are different for every crypto.
- Crypto assets only need to go through the warm-up (staking) and cool-down (unstaking) periods once. Assets will also need to go through a new warm-up period if you wish to stake them again after unstaking them.
Eligibility
To check if you can unstake a crypto, refer to the asset’s unique staking reference article:
How to unstake your crypto
If eligible, you can follow these steps to unstake your crypto:
- Log in to the Wealthsimple app
- Select your Crypto account
- Under Staking Rewards, choose the coin you wish to unstake
- Select Unstake at the bottom
- Read through the unstaking information provided
- Tap Got it
- Choose the amount you would like to unstake
- Tap Continue
- Read through the review screen and tap Unstake
We'll send a notification when the unstaking process is complete.
Comments
0 comments
Article is closed for comments.