Unstaking Cosmos Tokens
This guide is only applicable if you have Cosmos tokens currently staked. If you would like to do that instead, then follow this guide on Staking ATOM.
Important
Once the process of unstaking Cosmos has been started, you will not receive any staking rewards anymore. The unstaking of your tokens will take a full 21 days before they become available. You cannot do anything to your tokens during this time, so plan ahead.“If a delegator wants to unbond part or all of their stake, they need to send an “Unbond transaction”. From there, the delegator will have to wait 3 weeks to retrieve their Atoms.”
Source: Delegator FAQ | Cosmos Hub
Reminder:
A small amount of Available ATOM needs to be on the wallet in order to pay for the transaction fees. Minimum transaction fee is at 0.001 ATOM.
Let us proceed.
Steps to Unstake Cosmos Tokens
Step 1. Access Staking Menu
Open your Cosmos Wallet. Tap on More to access the Staking Menu and then tap on Unstake.
Step 2. Choose the Validator
Tap on the Validator Menu to show the list where your tokens is staked. This list will only show up if you have staked unto multiple validators. Choose the Validator and then tap on Unstake ATOM to go back.
Step 3. Input Unstake Amount
Manually key in the ATOM Amount that you want to unstake, or tap on Max to select all tokens. Tap on Next to proceed.
Step 4. Confirm the Transaction
Reminder
Once the process of unstaking Cosmos has been started, you will not receive any staking rewards anymore. The unstaking of your tokens will take a full 21 days before they become available. You cannot do anything to your tokens during this time, so plan ahead.
Review the Unstake transaction and if everything looks good, tap on Send to submit the transaction to the network.
Step 5. Check Unstaking Status
There will be a notification that the Unstake was successful. The Undelegation transaction will also show up on main Cosmos Wallet screen. To further check the Unstaking Status, tap on More then Stake Details. You will see here the Pending Delegations which represent the tokens that are being Unstaked.
Tip!
You can also view your unstaking(unbonding) status by going to this explorer: https://www.mintscan.io and then do a search for your ATOM address.
