The industry of Crypto projects is evolving, attracting more and more crypto traders and investors. There are different ways to earn cryptocurrency:
- you can mine it;
- you can earn in-game tokens by playing blockchain games;
- you can stake crypto;
- you can trade it;
- you can participate in airdrops;
- you can take part in play-to-earn programs;
- etc.
One of the most common cryptos earns options is Staking. That’s the way to organize a passive income. So let’s discuss it in more detail.
How to Earn Cryptocurrency in Staking?
Staking is a much simpler way to receive crypto assets than trading. White trading requires in-depth knowledge of the market, the ability to analyze it as well as quick reactions to price fluctuations, staking is a much less risky and stressful way.
In essence, staking works like a bank deposit - you provide your crypto coins for locking on a crypto platform for a pre-agreed period and receive rewards (interest) in return.
Different crypto exchanges offer various staking programs, so you should be attentive when picking one. Look for staking rates and crypto assets available. For example, the WhiteBIT platform offers all popular and liquid crypto assets and high rates in staking. You can pick a staking period from 10 to 360 days and earn crypto as soon as your Staking Contract Expires. Thus, you receive your stake coins back, plus your yield for locking funds.
Funds are taken from the margin trading option on WhiteBIT, and the exchange can pay big returns to stakers.
Users can open several staking plans simultaneously and earn cryptocurrency. To start staking, register on WhiteBIT, open an account, and move coins to the main account. Then pick the staking plant among the 40 offered and lock your coins. You can take coins back before the staking contract expires, but you will not receive yield in this case. For more information on earning money through staking, check out the WhiteBIT blog.
