Cryptocurrency staking is a popular option for all types of traders. To earn rewards, all you have to do is to keep cryptocurrency in your account. I know, crazy right? It’s really that simple!
The presence of coins in the wallet allows the investor to join the project network in order to ensure the performance of its blockchain. As a gratitude for such work, the user receives a reward in the form of cryptocurrency.
To learn more about crypto staking, check out this article here!
For NGC holders, staking is an easy way to generate interest and maintain the stability of the NAGA ecosystem.
How to stake NGC?
To stake NGC on NAGAX, you need to have NAGA Coins in your wallet.
1. Log in to NAGAX.
2. Select 'Staking' on the Sidebar Menu.
3. Continue to filter by clicking, ‘All available coins’ and select ‘Stake’ for NGC.
4. Enter the NGC staking amount and select ‘Stake’ to continue. Your available NGC balance will display the maximum amount of NGC that can be staked.
*Note, in order to continue staking you must have this asset already in your NAGAX Wallet. For more info on how to buy NAGA Coin click here.
5. If the staking was successful, you will see the staking success window.
6. After you have successfully staked your coins, you will see the amount of NGC staking and the remaining days until their withdrawal.
You can view your staked NGC balance and the number of days left for the staking time on the Staking page.
For more information on NGC staking rewards, click here.
Can I increase the NGC staking amount?
Yes, you can increase the NGC stake at any time to get a higher percentage, however, the new amount will be treated as a separate transaction (different staking end-time).
How do I withdraw my staked NGC?
You can un-stake and withdraw your NGCs at any time. However, you can only get rewards if you stake for at least 1 day.
To un-stake your coins simply click “Withdraw” on the asset at hand within your staking home screen.
Before you start staking cryptocurrencies, it is suggested for users to review what staking is and understand the process. For more information on staking click here
Claim your rewards in no time and stake your NAGA Coins today!
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Cryptocurrencies are highly volatile and trading can result in the loss of your invested funds. Before investing you should be aware that cryptocurrencies may not be suitable for all investors. You should therefore carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition and not invest money that you can not afford to lose.