Guide to Guarda Wallet Staking
Guarda wallet is a secure crypto wallet giving users the ability to stake, exchange, earn and buy Bitcoin, Ethereum and several other crypto currencies.
It is also a multiplatform crypto wallet as it can be accessed through web, desktop applications for Windows, Mac OS, and Linux, and mobile applications for IOS and Android, with a Chrome extension. Guarda wallet can also be synced with Ledger hardware wallet to increase its security.
The Guard wallet comes with its own standard cryptocurrency management; a wallet management that allows for the sending, receiving and storing of over 50 coins and 10k+ tokens. Users get to check their transaction data, import wallets and while also allowing for watch only wallet addresses with the ability to view history and balance without needing to import private keys.
In addition, Guarda wallet has Anti-Money Laundering (AML) features that protects users from fraudsters and other nefarious activities. Its AML technology scans funds passing through its wallet addresses against numerous wallet databases in other to discover and identify any wallet that has been flagged or suspicious. When an illegal transaction or wallet is identified, a user would receive a report with the wallet’s rating.
As part of an extra security measure, Guarda supports Multi-signature wallets that work by linking up to 10 supplementary to a user’s wallet. Some of these supplementary wallets are then selected to provide a signature to authorise a transaction.
All these functions lay a solid foundation for the GUARDA WALLET STAKING feature.
GUARDA WALLET STAKING
Crypto Staking is a crypto earning opportunity quite different from trading your tokens or holding them. When staking, users can earn on the coins by storing them in a way that supports a blockchain network, liquidity and for transactions confirmations/verifications. Proof of stake makes a blockchain more secure, hence the need for blockchains to provide rewards on stakings by users.
By running its own validators, Guarda provides the ability for users to earn profit on their holdings.
Users can choose to stake 12 different assets, these assets and their annual yield in percentage is listed below,
- Ethereum ETH with a 5.7% annual yield
- TRON (TRX), 6.39%
- HARMONY (ONE), 10.43%
- TEZOS (XTZ), 6%
- ONTOLOGY (ONT), 28.57%
- COSMOS (ATOM), 9%
- CARDANO (ADA), 5%
- CALLISTO (CLO), 8%
- KOMODO (KMD), 5%
- ZILLIQA (ZIL), 13.74%
- CHANGENOW (NOW), 25%
- NEO GAS (NEO), 1%
Users also have the ability to see their potential monthly/yearly earnings on all available tokens by using the built in staking calculator on the Guarda platform.
With Guarda, you are just 3 clicks away from staking any of the listed assets of your choice. It’s multiplatform feature also ensures staking stays easy and accessible to everyone including new crypto enthusiasts irrespective of their choice platform. Earning and rewards can also be withdrawn in very simple steps. All coin choices open to staking on the Guarda wallet are tested, popular and highly secured.
STEPS TO STAKING LISTED TOKENS
To Stake a token, users need just follow the steps below;
- Head Over to guarda.com/staking
- Select your choice token from the rewards calculator and enter the amount of token you want to stake.
- You would then be redirected to a page that lets you create a new wallet, input the password to an owned wallet or import/restore a previous wallet.
For the sake of this tutorial, we would be focusing on creating a new wallet.
In order to create a new wallet, Select the “create a new wallet” link. During the wallet creation, you would be asked to include your password. It is very important to store your password in a safe place.
Once you have inputted your password, click on the “I’ve written it down” down, wait for some time as your wallet is then created. Once your wallet is created, you would be asked to download the backup, you need to do this before you can proceed.
- Once on your wallet dashboard, select the token you want to stake and you can choose to buy that token or send to the token wallet depending on what you want.
- Once you have gotten your token. You would see a stake button. Click on it and select the amount you want to stake.
It is important to note that every stakeable token has its own minimum stake amount and a transaction fee.
Also, some stakeable tokens have their own requirements and processes to stake.
For example, the minimum stake amount for ETH is 0.1ETH, while deposits and rewards are available in GETH tokens. The good thing about the GETH token is that you can hold or trade your staked assets at any time without having to wait for phase 2 of Ethereum 2.0.
To ensure transparency, all staking stats are available in the blockchain.
To know the staking requirement of each individual stakeable token, you can head over to guarda.com/staking and select your choice token under the “Staking Rewards & Assets Category”
To withdraw your rewards and earnings on your staked tokens, you can see the amount of rewards to be received under the Receive tab in your token wallet. Your accrued rewards can then be claimed by clicking the claimed button.
Earning passive income through Guarda is pretty easy in the Guarda wallet. Its staking and rewards feature apart from being easy to use, transparent, and secured, is also backed up by an amazing team dedicated to the growth of the wallet.
A proof of its focused-driven growth is the introduction of its fiat services that allow users to safely purchase cryptocurrencies with a debit or credit card directly in the wallet. SEPA integration has also been made available for users in Eurozone countries.
In addition, Guarda operates a Validator system that operates on Ethereum, Harmony, Tezos with plans to extend to other networks. Validators sign blocks, users stake tokens by providing funds to these validators, and every player in the blockchain benefits.
Guarda wallet while been relatively new has a lot going well and crypto enthusiasts can take advantage of its amazing features.
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