Yes, you can deposit funds from an exchange or external private wallet to the Elitium Dashboard to start staking — in fact, it’s what we recommend you do if you already own a balance of EUM.
Just follow the steps below:
- Head to your dashboard
- Click ‘Staking‘
- Click ‘Deposit and Start Staking‘
- Select ‘Deposit EUM from wallet‘
- Send your EUM to the staking wallet address
Once the transaction is validated by the blockchain, you will see the funds in your staking balance and staking will start automatically — to track progress, log in to your dashboard, click ‘Staking‘ and scroll down to ‘Transactions‘ at the bottom of the screen where you will see the staked balance and accrued rewards.