Staking Crypto Addon for BiCrypto – Earn Passive Income on Your Crypto Investments
Are you looking for a way to earn passive income on your cryptocurrency investments? Look no further than the staking crypto addon for BiCrypto.
With this addon, you can stake any stakable coins or tokens on supported networks, earning rewards simply for holding your coins in your BiCrypto wallet. Not only can you earn passive income, but staking also helps to secure the network and improve transaction speeds.
What is Staking?
Staking is the process of holding and locking up a certain amount of cryptocurrency on a blockchain network to participate in transaction validation and block creation. In return for staking your coins, you receive rewards in the form of additional coins or tokens.
Staking is different from mining, which involves using computing power to validate transactions and create new blocks on the network. Staking requires much less computing power, making it a more environmentally friendly option.
How Does Staking Work?
When you stake your coins, they are locked up and used to validate transactions on the network. The more coins you stake, the more likely you are to be chosen to validate a transaction and earn rewards.
The amount of rewards you earn depends on a variety of factors, such as the network’s inflation rate, the total amount of coins staked, and the length of time you have been staking your coins.
What Coins and Networks are Supported?
With the staking crypto addon for BiCrypto, you can stake any stakable coins or tokens on supported networks. Some of the supported networks include:
- Ethereum (ETH)
- Binance Smart Chain (BSC)
- Polkadot (DOT)
- Cardano (ADA)
- Solana (SOL)
And many more!
How to Get Started with Staking on BiCrypto
Getting started with staking on BiCrypto is easy. Simply follow these steps:
- Download and install the BiCrypto wallet from the official website.
- Transfer your desired stakable coins or tokens to your BiCrypto wallet.
- Navigate to the staking section of the wallet and select the network you want to stake on.
- Choose the amount of coins you want to stake and confirm your transaction.
- Sit back and watch your rewards roll in!
Is Staking Safe and Secure?
Staking on supported networks through the BiCrypto wallet is safe and secure. The wallet uses advanced encryption and security measures to protect your coins and personal information.
Additionally, staking helps to secure the network and prevent attacks, making it a beneficial practice for the entire community.
Conclusion
Staking is a great way to earn passive income on your cryptocurrency investments while also helping to secure the network and improve transaction speeds. With the staking crypto addon for BiCrypto, you can easily stake any stakable coins or tokens on supported networks and start earning rewards today.
So, why not give it a try and see how much passive income you can earn?
Support contacts
- if you have any inquiries please send us a ticket here:
- Note: this addon needs bicrypto to work
Made with:
- Laravel
- Vue
- JS
- PHP
- Livewire
Documentation:
- Included in the installation folder
Demo User:
- Link: Frontend
- Link: Register
Demo Admin:
- user: demoAdmin
- pass: 123456
Requirements (minimum):
- A Knowledge in running a server or any hosting with ssh
- A Knowledge in copy and paste codes we add-in update description
- Having time to read the documentation
- PHP +7.4
- Composer +2
- Server with SSH that has Permissions, not shared server without any permissions
Requirements (Recommended):
- Clean Ubuntu 20
- Virtualmin + Nginx + PHP FPM
- Composer 2.2.5
- Unmanaged VPS with root access
Security Notes:
- After support inquiries that requires debugging any internal issues in your VPS, you always have to secure and change your credentials for security and never share them with any thirdparty
- If you use an unauthorized version and face any issues/errors or face security issues then we are not responsible for that.
ChangeLog
Version 1.3.2 - Nov 25, 2022:
- patched staking price calculator in USDT
- completely reworked staking log table with bulk actions and the ability to delete logs
- added new permission for logs removal
Version 1.3.1 - Nov 12, 2022:
- added a new tab for staking in the platform manager with the ability to disable/enable the staking cancel method
Version 1.2.7 - Sep 17, 2022:
- optimized responsiveness
- removed cancel stake button while staking
Version 1.1.3 - 25/04/2022:
- enhanced responsiveness of staking log in phones
Version 1.1.0 - 25/04/2022:
- Upgraded to Vue js
What is the minimum amount of coins required to start staking on BiCrypto?
The minimum amount of coins required to start staking on BiCrypto varies depending on the network you choose to stake on. Some networks may require a minimum of 1 coin, while others may require more.
How often do I receive rewards for staking?
The frequency of rewards varies depending on the network and the length of time you have been staking your coins. Some networks distribute rewards daily, while others distribute them on a weekly or monthly basis.
Can I unstake my coins at any time?
Yes, you can unstake your coins at any time, but there may be a waiting period before you can withdraw them. The length of the waiting period depends on the network and can range from a few hours to several days.
Are there any fees associated with staking on BiCrypto?
Yes, there may be fees associated with staking on BiCrypto, such as network fees or transaction fees. These fees are typically small, but they can add up over time.
What happens if I stake my coins on a network that experiences a network outage?
If the network you are staking on experiences a network outage, you may not be able to receive rewards or withdraw your coins until the issue is resolved. However, staking on multiple networks can help to mitigate this risk and ensure that you continue to earn rewards even if one network goes down.
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