You can stake a number of cryptocurrencies either directly through the cryptocurrency’s platform, via third-party staking platforms, using cold storage wallets, or on an exchange.
The precise location you can stake specific staking coins will depend on the staking coin in question, so you’ll need to check the staking coin’s specifications to determine where you can stake it. If you’re interested in cryptocurrency staking on the Elitium platform, read the next section.
Where can I stake EUM?
Elitium offers one of the simplest, most accessible staking programs in the industry. You can stake EUM and get up to 6.5% annual staking rewards using any of three separate staking channels:
- Elitium Dashboard: you can stake EUM directly in the Elitium Dashboard. Simply set up an account, buy EUM using your credit card and start staking in one click
- Exchanges: EUM staking has been available on BitMart since July 1st, 2020. Just add EUM to your BitMart staking wallet to start getting up to 6.5% annual rewards, distributed on the 9th of every month
- Cold Wallets: cold staking refers to the process of staking in a wallet that’s not connected to the Internet. This can happen using a hardware wallet, and Elitium is setting up cold staking partnerships that are due to go live very soon
Which staking method is best?
Where you choose to stake depends on your personal preferences.
Elitium has built one of the world’s simplest staking systems, so if you’re looking for an easy on-ramp into crypto that requires next-to-no technical know-how (but is still extremely secure), then the Elitium Dashboard could be for you.
If you prefer to keep your crypto somewhere you can trade it, BitMart staking is the perfect place. It lets you get up to 6.5% annual rewards and still trade your EUM in seconds without having to transfer funds from one wallet to another.
Cold staking options are the most secure option out there as they store your funds offline. If you’re holding for the long-haul, that’s the choice for you, but please note: once you move your coins out of cold storage, staking will stop.
Get up to 6.5% annual EUM staking rewards: stake Elitium today.
