Earn rewards for holding coins and tokens in desktop and mobile versions
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BTC6X Staking Advantages
• High Earnings Reward rate
• Accrued interest: monthly, at the end of the term
• Ability to convert the deposit to the desired Cryptocurrency Term 1-24 months
• Simple conditions to begin staking
• 3-month to annual plans to store coins and make money
• Full access to the balance, and the possibility of withdrawal before the due date
Accrued Reward Rate - monthly, at the end of the term
-What is Staking?
Staking is the process of locking up tokens and Coins to support a network while receiving a reward in return (rewards can be increased network utility, monetary compensation, etc.).
-What is the Annual Percentage Yield and how is it calculated?
Annual Percentage Yield (APY) refers to a percentage rate reflecting the total amount of staking rewards projected to be earned over an annual period based on the then-current Rewards Rate compounding at set intervals for a 365-day period.
-What are staking rewards?
You can earn rewards when you stake cryptocurrencies and fiat for a period of time as an incentive to acquire and hold onto staking assets. Some staking coins may require a bonding period. To earn staking rewards, simply select the asset you wish to stake and once it has finished bonding, it will be ready to start staking and earning rewards twice a week from the Proof of Stake process.
-What amount do I need to open a term deposit?
The initial amount for a Staking deposit account is 500 USDT Value of Cryptocurrency
-What is the maximum period I can open a Staking deposit account for?
The maximum period is 2 years.
-Can I withdraw the accrued Earning Reward every month or at the end of the year?
Your withdrawal of the interest depends on your choice: You can open a Staking deposit account with interest withdrawal selection in, monthly, or at the end of the Staking Time.
-Can I breach the term before its maturity expires?
You can withdraw funds within certain limits
-Do I get a penalty for breaching the Staking term?
There is no penalty for withdrawing early, although you will get less interest.
-Do I get a full Reward in the case of breaching the Staking term?
You will get less Reward in the case of breaching the term. (Reward rates are converted into shorter Reward Rate)
-What happens after the expiry of the Staking term deposit?
After the expiry of the term, the deposit account automatically extends its term for a further three months.