Continue reading to discover how you can stake Bitcoin, or follow the same steps to stake your favorite crypto.
Why should you consider crypto staking?
There are three key reasons why all traders should consider staking their already owned cryptocurrency.
Staking allows users to earn interest on crypto they are already holding. Similar to earning interest at a bank, but better! When users stake their coins, it is not going anywhere and nobody is using it like a bank would. It is a nearly guaranteed ROI. 😎
No Effort, No Fees, & No Time Commitment Needed!
It sounds too good to be true, but it really isn’t. With NAGAX Staking, we chose to empower users even more and have absolutely no fees to stake your crypto. With staking the users do not need to put in any extra time like trading would to form a plan. Simply stake your coins and forget! The coins would earn interest in your sleep. Literally! 😴
The Rewards are No-Brainer
The staking rewards are truly expansive. Users can stake and earn up to 20% annually by just holding their coins. NAGA Coin VIP Level holders can also earn even more on the hottest crypto like BTC staking as a benefit of holding our very own NGC. 🤯
👉 Check out the full staking rewards here.
Staking Bitcoin: Step-by-Step
1. Login to the NAGAX Feed and select ‘Staking’ on the side menu.
2. Click “All available coins”.
3. Find the coin you want to stake and select “Stake”.
4. The staking information will then appear where you can enter the amount of Bitcoin you want to stake. Note, in order to continue staking you must have this asset already in your NAGAX Wallet.
Alternatively, you can purchase the asset here via MoonPay.
*For more information on how to buy crypto with NAGAX click here.
5. If the staking was successful, you will see the staking success window.
Can I increase the BTC staking amount?
Yes, you can increase the BTC 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 BTC?
You can unstake and withdraw your Bitcoin at any time. However, you can only get rewards if you stake for at least 14 days.
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 crypto today!
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.