Schlagwort: blockchain markets

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How to stake crypto on FTX

  • The FTX app allows users to stake their supported balances.
  • Staking on FTX and earning rewards is quite simple.
  • This guide offers a step-by-step process on how to stake on FTX.

The DeFi (decentralised finance) sector has largely popularised the ability to stake cryptocurrencies in order to earn passive income. This is something that can now be done on most blockchains that offer smart contracts, including Ethereum, Solana, and others.

Of course, staking is also possible on simple to use cryptocurrency exchanges, such as the FTX Exchange. FTX has its own application called the FTX app that allows you to stake your supported balances and earn up to 8% APY.

For the moment, the program is still in beta, and during beta, users will be able to earn a bonus on applicable assets. Staking with FTX is quite simple: you stake your cryptocurrencies and earn rewards on the amount staked. 

If you are not familiar with staking, it is like earning interest on money that you hold in your bank account. FTX offers a lot of flexibility for stakers, including the ability to unstake their coins at any time. 

If not, stakers can earn up to 8% on the amount staked, although this can vary.

Sign up for FTX here


What do you need before getting started?

Before you can get started, there is a short list of requirements — simple things that you need to do and prepare before you actually lock up your cryptos. Make sure that you have:

  • An account on FTX Exchange, or if you are in the US — its FTX US app (The US version of the FTX website does not offer staking, but the app does).

  • A cryptocurrency wallet that supports the tokens you will be working with, such as Ledger Nano X.

  • Cryptocurrencies for staking, which you can import from a private wallet, or buy on the exchange. Some of the more popular cryptocurrencies that investors prefer staking include FTT, SRM, SOL, RAY.

Note that:

  • Assets available for staking will be shown in your FTX US account

  • You do not have to buy coins on FTX if you already own them in a private wallet

  • You can instruct FTX US to un-stake your coins at any time, retrieve them, and credit it (along with all earned rewards) to your account. 

  • FTX accepts users from US and non-US jurisdictions. The difference is that US traders do not have access to derivatives yet, and the US version instead focuses on standard crypto trading.

How to stake cryptocurrencies on FTX US

Staking cryptocurrencies through your FTX app is fairly simple, and all you need to do is follow a few simple steps.

  1. Ensure that you have cryptocurrencies available in your app. Once again, these can be bought within the platform itself, or deposited from your private wallet.

  2. Next, locate the Invest Tab, and tap Stake.

  3. After that, you need to find and tap the button that says Stake Your Crypto.

  4. Finally, put in the amount and tap Start Staking

  5. The app will transmit digital currencies to the applicable DeFi pool as soon as one is available, and you will start receiving rewards on the coins you staked.

How are rewards determined?

Rewards that you will receive from staking are not fixed, and they will vary from time to time based on several factors, such as the conditions in the crypto industry and the prevailing market conditions. 

However, according to historical and current conditions, it is anticipated that your first $10,000 USD staked should earn approximately 8% rewards.

Amounts higher than $10,000 will bring back approximately 5%, although keep in mind that these are simply projections and expectations, and not actual amounts. The actual reward might differ.

Final thoughts

Staking has grown to be a very popular way to use your cryptocurrencies without spending them or risking them in trade. 

At the same time, FTX has proven to offer excellent staking conditions, as well as a user-friendly platform that allows even newcomers to quickly and easily find their way around. And, once the rewards start coming in, you will realise just how easy it is to use your money to make more money without having to do anything or get exposed to unnecessary risks.

The post How to stake crypto on FTX appeared first on Coin Journal.

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Market highlights February 4: Cosmos is the biggest top 20 gainer

The crypto market was seen higher over the past 24 hours, as all top 20 cryptos were in the green at the time of writing. 

Shares in social media giant Meta Platforms dived by over 26% yesterday as investors reacted strongly to the firm announcing it had fewer people using its platform than before, for the first time ever.

The three top US indices all fell heavily yesterday on the back of a string of poor results from the likes of Meta and PayPal.

US and Canadian markets today may be impacted by job data, such as the US Non-Farm Payroll report, to be released at 13:30 GMT.

Top cryptos

Bitcoin was up more than 2% this morning, while Ethereum jumped more than 5%, bringing the latter’s weekly gains to more than 13%. Solana led the top 10, rising more than 7% since yesterday. 

The biggest gainer in the top 20 is Cosmos. It is trading for $29.24 today and added 12.22% to its value in the last 24 hours.

Top movers

The top 100 coins reflect the trend evident in the top 20. Two of the biggest gainers are Quant and Hedera with 11% each. Quant has been rallying over the past week, having added almost 50% to its value in the last seven days.

Hedera’s price held steady after its deal with Ubisoft. It also jumped after the launch of its EVM smart contracts mainnet. HBAR, its native token, is trading at $0.24, which is about 28% above the lowest level this year.

Its total market cap has improved to about $4.3 billion. Hedera’s bullish trend is likely to continue as bulls target the key resistance at $0.2643.

IOTA, Kusama, and Convex Finance all gained 12%. Convex was one of the weakest performers last week. Bora and Compound also added 11% to their value.   

The only top 100 crypto in the red was Immutable X, which describes itself as the first layer-two scaling solution for NFTs on Ethereum. The token has lost 4% today, but its gains stand at 18% over the past 7 days, leading some to wonder whether it’s time to buy the dip. 

Trending

MetaPay is a token for the Metaxion universe. Holders can buy parcels and avatars here with the token and sell them later. They can be converted into MetaPay tokens. 

The Metaxion demo has been released on the website and the full version will be available any moment now, resulting in MetaPay price growth of 540% just today.

A more moderate gainer is Quantstamp, which is trading for $0.098 today, up 34.36% in the last 24 hours.

 

The post Market highlights February 4: Cosmos is the biggest top 20 gainer appeared first on Coin Journal.

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Top places to buy FORTH, the first ever rebasing cryptocurrency

FORTH is based on a novel premise. The native coin of Ampleforth (AMPL) Governance Token is unique in that the number of AMPL you own can change each day. To learn more about this, look no farther than this short article, which will also tell you where the best places to buy FORTH are.

Top places to buy FORTH now

As FORTH is such a new asset, it’s yet to be listed on major exchanges. You can still purchase FORTH using a DEX (decentralised exchange) though, which just means there are a few extra steps. To buy FORTH right now, follow these steps:

1. Buy ETH on a regulated exchange or broker, like eToro ›

We suggest eToro because it’s one of the world’s leading multi-asset trading platforms, an exchange and wallet all-in-one with some of the lowest fees in the industry. It’s also beginner-friendly, and has more payment methods available to users than any other available service.

2. Send your ETH to a compatible wallet like Trust Wallet or MetaMask

You’ll need to create your wallet, grab your address, and send your coins there.

3. Connect your wallet to the Uniswap DEX

Head to Uniswap, and ‚connect‘ your wallet to it.

4. You can now swap your ETH for FORTH

Now that you’re connected, you’ll be able to swap for 100s of coins including FORTH.

What is FORTH?

FORTH holders can vote on proposed changes to the Ampleforth protocol or delegate their votes to representatives who vote on their behalf. AMPL is a cryptocurrency like Bitcoin, but with a twist: supply changes daily.

The AMPL protocol automatically adjusts supply in response to demand. When price is high, wallet balances increase. When price is low, wallet balances decrease.

AMPL is non-dilutive. Supply adjustments are applied universally and proportionally across every wallet’s balance. This means your percent ownership of the network remains fixed.

According to AMPL, today’s cryptocurrencies are dangerously correlated. AMPL’s unique incentives allow it to decouple from Bitcoin’s price pattern. This reduces systematic risk by adding diversity to a homogeneous ecosystem.  

Should I buy FORTH today?

The token can be a profitable investment thanks to the unique premise it’s built on. However, do explore the market and read at least several price predictions before committing to an investment.

FORTH price prediction

According to Wallet Investor, those looking for virtual currencies with a good return could find FORTH a bad option their current investment may be devalued in the future.

Up to Brain does not agree. According to the experts, the price will go up to $31 by the end of 2023, up from $7.80 at the time of writing. The token is likely to reach $46 by the end of 2024.

FORTH on social media

The post Top places to buy FORTH, the first ever rebasing cryptocurrency appeared first on Coin Journal.

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Immutable X token IMX shed 4% of its value in 24 hours: is it time to buy the dip?

Immutable X describes itself as the first layer-two scaling solution for NFTs on Ethereum. The token has lost 4% today, but its gains stand at 18% over the past 7 days. Is it time to buy the dip? This short guide gives the answer; you’ll learn more about IMX and the best places to buy IMX now.   

Top places to buy IMX now

As IMX is such a new asset, it’s yet to be listed on major exchanges. You can still purchase IMX using a DEX (decentralised exchange) though, which just means there are a few extra steps. To buy IMX right now, follow these steps:

1. Buy ETH on a regulated exchange or broker, like eToro ›

We suggest eToro because it’s one of the world’s leading multi-asset trading platforms, an exchange and wallet all-in-one with some of the lowest fees in the industry. It’s also beginner-friendly, and has more payment methods available to users than any other available service.

2. Send your ETH to a compatible wallet like Trust Wallet or MetaMask

You’ll need to create your wallet, grab your address, and send your coins there.

3. Connect your wallet to the Uniswap DEX

Head to Uniswap, and ‚connect‘ your wallet to it.

4. You can now swap your ETH for IMX

Now that you’re connected, you’ll be able to swap for 100s of coins including IMX.

What is IMX?

According to Immutable X, its blockchain does away with Ethereum’s limitations like low scalability, a poor user experience, illiquidity, and a slow developer experience.

Instead, users benefit from instant trading and massive scalability while enjoying zero gas fees for minting and trading NFTs without compromising user or asset security.

To achieve that, Immutable X is built with STARK zk-rollups, thanks to which users can create and distribute assets like ERC-20 and ERC-721 tokens on a massive scale.

According to Gods Unchained director Chris Clay, Immutable X allows the game to implement a new meta-system that was previously impossible. In this fashion, Immutable X aims to create a world-class experience for users and developers alike.

Should I buy IMX today?

IMX can be a very lucrative investment. However, do explore the market and read at least several price predictions before committing to one. The downturn might continue.  

IMX price prediction

Tech News Leader is very bullish on IMX. They predict it can go up to as much as $7.04 in 1 year, more than twice its current value. IMX will be worth $19.78 in 5 years and $126.83 in 10 years.  

IMX on social media

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Quantstamp’s QSP is skyrocketing today, up 34%: here’s where to buy QSP

The live Quantstamp price today is $0.098 with a 24-hour trading volume of $58.8 million. Quantstamp is up 34.36% in the last 24 hours. If you are attracted to unique features and want to learn how and where to buy QSP, this guide is for you.

Top places to buy QSP now

As QSP is such a new asset, it’s yet to be listed on major exchanges. You can still purchase QSP using a DEX (decentralised exchange) though, which just means there are a few extra steps. To buy QSP right now, follow these steps:

1. Buy ETH on a regulated exchange or broker, like eToro ›

We suggest eToro because it’s one of the world’s leading multi-asset trading platforms, an exchange and wallet all-in-one with some of the lowest fees in the industry. It’s also beginner-friendly, and has more payment methods available to users than any other available service.

2. Send your ETH to a compatible wallet like Trust Wallet or MetaMask

You’ll need to create your wallet, grab your address, and send your coins there.

3. Connect your wallet to the Uniswap DEX

Head to Uniswap, and ‚connect‘ your wallet to it.

4. You can now swap your ETH for QSP

Now that you’re connected, you’ll be able to swap for 100s of coins including QSP.

What is QSP?

Quantstamp is a leader in blockchain security providing expert security audits and blockchain solutions.

Top crypto and enterprise companies including Ethereum 2.0 (Prysmatic Labs Client), Binance, MakerDAO, Chainlink, eToro, and World Economic Forum choose Quantstamp to secure their blockchain applications.

QSP is an ERC-20 token used for verifying smart contracts on the decentralized QSP Security Protocol. Users can buy automated scans of smart contracts with QSP, and validators can earn QSP for helping provide decentralized security scans on the network.

Should I buy QSP today?

Considering how hard it is to come up with an accurate cryptocurrency prediction, you should never take any decisions affecting your finances before an in-depth market analysis. Don’t invest more than you can afford to lose.

QSP price prediction

Wallet Investor predicts a long-term increase in the price of QSP. In January 2027, they forecast 1 QSP will trade for $0.15, almost twice its current value. A 5-year investment will only generate revenue of around +56% though. If you invest $100 in QSP now, you’ll have $156 in 5 years.

QSP on social media

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