How to Start Staking on WEMX

Staking is a great way to generate passive income while contributing to the security and efficiency of blockchain networks. On WEMX, we’ve simplified the process so you can start quickly, even if you’re new to cryptocurrencies. Here’s a detailed guide to help you get started with staking on our platform.

Step 1: Sign Up or Log In to Your Account

If you're new to WEMX, the first step is to create an account. The registration process is quick and secure, requiring only basic information such as your email address, the creation of a strong password, and identity verification. Follow these steps:

1. Sign Up:

   • Go to our sign-up page.
   • Enter your email address and create a strong password.
   • You will receive a verification email; click the link to activate your account.
   • Once your account is activated, you can set up two-factor authentication for added security.

2. Log In:

   • If you already have an account, click "Log In" and enter your credentials.
   • Use two-factor authentication if you have enabled it for extra protection.

Step 2: Choose Your Cryptocurrency for Staking

Once logged in, you will have access to a dashboard showing all the cryptocurrencies available for staking on WEMX. The choice of which asset to stake depends on several factors, including:

• Yield Rate: Each blockchain network offers different yield rates for staking. You can compare these rates to maximize your earnings.
• Lock-up Period: Some assets may be locked for a set period. Be sure to check if you prefer short-term or long-term staking.
• Network Risk: Staking involves risks related to the chosen network. We recommend selecting a secure and well-established network.

Step 3: Stake Your Assets

Once you’ve selected the asset you want to stake, follow these steps:

1. Transfer Funds: If you don’t already have funds in your WEMX account, you can transfer cryptocurrency from another wallet or purchase directly through our platform.
2. Choose the Amount to Stake: Decide how much you want to lock into the staking pool. The more you stake, the higher your rewards will be.
3. Confirm Staking: Once you’ve selected the amount, confirm your staking. Your cryptocurrency will be locked into a pool, and you’ll start earning rewards.

Step 4: Earn Your Staking Rewards

Staking on WEMX allows you to receive rewards regularly. These rewards depend on the network of the cryptocurrency you chose for staking. Payouts may occur hourly or daily, depending on the network’s rules.

• Weekly Payments: Some staked cryptocurrencies offer Weekly payments, allowing you to see your earnings grow steadily.
• Track Performance: You can track your earnings in real-time in your dashboard, where you’ll see a detailed history of your accumulated rewards.
• Withdraw Rewards: Once you’ve accumulated rewards, you can choose to reinvest them into staking or withdraw them to your personal wallet.