Staking is the process of locking and holding funds in a cryptocurrency wallet to support the operations of a blockchain network. When you stake your crypto, you make the underlying blockchain of that asset more secure and more efficient. And in exchange, you get rewarded with more assets from the network.
How to start Staking?
If you would like to stake funds on the SMART VALOR exchange, you need to navigate to the “Staking“ section of the exchange. This can be found in the sidebar on any page of the exchange.
Once you are here you will automatically see all available cryptocurrencies for staking, as well as an overview of your staking activity. At the top, you can select the type of stake you would like to stake by pressing the “Stake” button under the specific currency.
A screen displaying the staking form will appear on the screen. It will look something like this:
Once you have selected the desired amount and staking period you can click the “Stake now“ button to stake the funds.
Do I have to pay fees?
No, SMART VALOR will not charge you any fees for staking. Our philosophy is simple - we want customers to earn the most they can get - and all rewards we receive will be shared with our customers. However, we cannot ensure or guarantee any rewards, but we will try to optimize such that customers get an optimal amount of rewards.