Staking (Earn interest) A Complete Guide for Beginner
Your assets can be managed and redeemed almost at any time, giving you flexibility and liquidity.
Benefits of Staking on CoinUnited.io
1. High Yield: You can earn up to 125% APY regardless of the market's direction.
2. Hourly Interest: The reward is accrued and paid on an hourly basis.
3. Redeem Anytime: You can redeem at any time, enjoy flexibility and liquidity.
How to stake/ unstake crypto, and check staking history on CoinUnited.io APP?
Stake
1. Go to "Earn" on CoinUnited.io APP. Select the crypto you want to stake
2. Select staking duration, enter the amount, and click "Show more" to check the details. Then tap "Confirm"
Done. You may check the record in the History tab
Unstake
1. Tap "History / Unstake" button at the top right corner of the "Earn" page
2. Go to the "Stake" tab, tap the crypto you want to unstake, then tap "Edit"
3. Enter the amount you want to stake and check the details. Then tap "Confirm". You can also tap "Unstake All" to unstake all the staked amount.
*The unstake period refers to the time it takes from applying for redemption to arriving in the account, which may differ depending on the types of crypto.
Done. You may check the record in the History tab
Check staking history
1. Click "History / Unstake" button at the top right corner of the "Earn" page
Alternatively, click "History" button at the top right corner of the "Home" page
2. You may check the "Stake", "Unstake", and "Rewards" history here
How to stake/ unstake crypto, and check staking history on CoinUnited.io Web Platform?
Stake
1. Go to CoinUnited.io Web Platform. Select the crypto you want to stake, then click "Earn"
2. Select staking duration, enter the amount, and check the details. Then click "Confirm"
Done. You may check the record in the History tab
Unstake
1. Go to "History" > "Stake" on the CoinUnited.io Web Platform. Then click "Edit"
2. Enter the amount you want to stake and check the details. Then tap "Confirm". You can also tap "Unstake All" to unstake all the staked amount.
*The unstake period refers to the time it takes from applying for redemption to arriving in the account, which may differ depending on the types of crypto.
Done. You may check the record in the History tab
Check staking history
1. Click "History / Unstake" on the CoinUnited.io Web Platform
2. You may check the "Stake", "Unstake", and "Rewards" history here
Frequently Asked Questions (FAQs)
1. What is staking?
Staking is the process of holding and locking crypto in a wallet to help maintain the operation of the blockchain, staking participants can be rewarded from his / her locked crypto.
2. How is my staking reward paid?
The reward is accrued and paid on an hourly basis.
For example, if clients apply for staking at 11:50 AM, the first reward will be paid at 1:00 PM and the next reward will be paid at 2:00 PM.
3. What is the unit of the reward?
The reward is distributed by the types of staked cryptocurrency.
Example: The customer staked bitcoin. Therefore, the reward will be distributed in bitcoin.
4. Can the Annual Percentage Yield (APY) of staking change?
Staking APY may change based on market conditions. Term staking reward is not affected by varying APY during its staking period.
5. What is Dual Yield? Why does staking Crypto A give out Crypto A + Crypto B?
Dual Yield is staking one cryptocurrency to get two cryptocurrencies as rewards. The APY of Dual Yield is the sum of the APY of the two rewarded cryptocurrencies.
6. When can I trade/withdraw Crypto B after it is distributed?
Crypto B will be distributed in the form of locked rewards. Please check the unlock date of Crypto B on the staking page. After the unlock period is due, Crypto B can be traded/withdrawn.
7. Where can I check the balance of the distributed reward of Crypto B?
You can check the balance of Crypto B on the homepage of CoinUnited.io wallet.
8. How is the APY of Dual Yield calculated?
The APY of Dual Yield includes two parts: Base Crypto and Locked Crypto. Total APY = Base Crypto APY + Locked Crypto APY. The APY is subject to change according to market conditions.
9. What is the distribution frequency of Dual Yield?
Dual Yield includes rewards of two Cryptocurrencies: Crypto A and Crypto B.
Flexible staking: Rewards of Crypto A and Crypto B are distributed hourly / daily.
Term staking: The reward of Crypto A is distributed hourly / daily. The reward of Crypto B is distributed in one lump sum and locked in your wallet after you joined term staking.
10. How to check the unlock date of Crypto B?
You can check the summary on the related staking page.
11. What is the unlock date?
The unlock date is the date of the locked reward obtained by participating in the Dual Yield plan. Participants can trade/withdraw the locked reward obtained after the expiration of the unlock date.
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