Atomic Wallet Stakig | Unveiling New Feature

Atomic Wallet Stakig | Unveiling New Feature

By Sujit Kumar Pathak | Cryptoknowmics | 18 Jun 2020


 

Did you ever think that the crypto wallet can provide you an opportunity to earn the money while you are sleeping? Well, this is not a fantasy world story but the reality of an Atomic wallet. The non-custodial multi-cryptocurrency software-based Atomic wallet not only secures your coins but gives you the chance to earn money by staking your coins. In this tutorial, we are going to learn about atomic wallet staking in an interesting way.

Atomic Wallet | Quick Overview

 

Atomic Wallet was founded in 2017 with the breakthrough feature of Atomic swapping or decentralized exchange. Atomic wallet is a combo of various crypto wallets available in the crypto space due to the following reasons:

  • Decentralized as users can trade on a peer-to-peer network without any intermediary.
  • Non-custodial wallet as the private keys of coins are stored on the system or smartphone of the user, providing them full accessibility and control
  • Supports more than 40 blockchains and  500 coins 
  • Compatible with multiple operating systems like Windows, macOS, Android, and iOS.
  • Provides the ability to users for purchasing cryptocurrencies from their bank card in almost 18 fiat currencies (without any centralized exchange).
  • Allows the atomic wallet staking for more than 10 Proof-of-Stake cryptocurrencies via an intuitive user interface.

Atomic Wallet Staking | How To Use Atomic Wallet For Staking?

staking

In simpler words, staking is the way to earn passive income. Technically, the transaction of Blockchain-based cryptocurrency is completed when it got validated by the participants or miners. Proof-of-Stake is one of the consensus mechanisms where crypto enthusiasts can stake their coins and rewarded for the validation of transactions or just earn the dividends for holding their funds. Thus, staking is like instructing your crypto portfolio to work while you can take rest from investing the coins.



Atomic wallet permits every crypto holder to earn regular rewards by staking their coins
(which works on PoS mechanism) in a decentralized infrastructure. Any fees are not being charged by the Atomic wallet as a user directly receives the profit from validators. But do you know, how to use Atomic wallet for staking purposes? To utilize the wallet for atomic wallet staking, you need to take the following steps:

  • Download either the Atomic wallet app on your smartphone or log in to the website on a laptop.
  • Create an account to access the services of an Atomic wallet. (Only password is required)
  • Click on the “Staking” option on the Tab available on the top of the screen.
  • Scroll down the screen, to check the availability of coins (along with the number of coins to be deposited with the expected ROI or Rate of Interest) for staking on the decentralized platform.
  • Click on the option “Stake Now” of the coin which suited your interest.
  • Scroll the screen down, fill the entries of Staking Calculator: “Your Holding” (number of coins you wish to hold and “Duration” (for the time period you wish to hold coins).
  • Click on “Stake And Earn Crypto” and sit back to earn passive income.
  • Enter the password of your wallet to process the request of staking the coins.
  • Once your request is accepted, you can track the funds on the Atomic wallet.
  • To earn the rewards, you can unstake the coins anytime you wanted to just by clicking the “Unstake” option on the asset you had selected to Stake.

You can stake coins like Atomic Wallet Coin (AWC), XTZ, ONT, NEO, KMD, and many more on the decentralized Atomic Wallet.

As per the Atomic Wallet Review 2020, the strike-through feature of the Atomic wallet staking the coins on a decentralized wallet can prove as the game-changer for the crypto industry, and thereby all-new experience can captivate the interest of crypto investors.

you the opportunity to earn passive income by using the decentralized Atomic wallet.

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Sujit Kumar Pathak
Sujit Kumar Pathak

Author Bio Hi, I am Sujit. I am a passionate blogger and crypto admirer. I work for Cryptoknowmics which is known for the best Top cryptocurrency events listing and latest airdrops. I like to find and share new information across the web. You can follow


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