Are you new to the crypto space? Do you wish to grow your portfolio by staking but do not know how to start? You are not alone! There are millions of people not familiar with this area. But if you are willing to learn. Here are some tips to start staking cryptocurrency, where you can earn crypto while you sleep
Learn The Basic Knowledge
Staking is holding a certain amount of coin in your wallet for a period of time. However, not every coin is available for staking. Before you get started, the wisest thing is to know what you are getting into. And by that, it means you have to learn from the very basic. You must understand what is blockchain, cryptocurrency, and staking and etc. Browsing around and learn from many sources. As long as you are putting enough effort, you will be crypto tech-savvy in no time
Gambling is a big NO in crypto space. The market is very volatile and if you gamble it on the wrong coin, you will see your portfolio going downhill fast. Furthermore, there are some projects that are scams. Those projects only exist for fundraising and then disappear into thin air with all the funds raised.
Therefore you have to be wise and know which project is the best for you. Be very picky on the coin to invest in, read their whitepaper to understand what they are doing, and research about their coin value graph movements.
You can choose the coin based on your risk preferences. Some people are risk-averse so they will prefer a well-known coin with lower ROI. On the other side, there are people who are risk-taker and prefer potential projects with greater ROI. Whichever side you are on does not matter as long as you do enough research and know what you are getting into.
Prepare Your Capital
If you want to do staking, you will need a wallet and also the coins. Each coin will have its own terms and conditions and gives you different rewards with different distribution frequencies. Make sure you have everything you need and you are ready to start staking
Do This For Hassle-Free Staking
If you want the best staking experience, you can try staking on Staking-as-a-Service (SaaS) platform such as SnapBots.
With SnapBots, you can start staking instantly with minimum investment as lower as $50 . All you need is sign-up, choose coin you want to stake, create deposit, and choose staking strategy that fit for you. With SnapBots, has 3 staking strategies, with different levels of rewards and risks. Please return to tip No. 2
In addition, if you do not have enough capital, you can try a referral system, you will get a percentage of the income of the friends you invite. Convenient and easy.
Now you have known all the tips to start staking, so why not start now? Register yourself to SnapBots
SnapBots is an artificial intelligence (AI) research firm based in BVI with global users. Driven by its focus on fields of machine learning and deep learning, it aims to supply trading bots as a service.
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