Staking with Atomic Wallet - BitTorrent and Wink
Staking with Atomic Wallet - BitTorrent and Wink

By DimitarM | Welcome to my life | 2 Jan 2020


Yesterday, in another article, I touched the subject of staking BitTorrent and Wink inside the Atomic Wallet's new "staking tab". And I was looking to find the easiest way to get some amount of Tron(TRX) so I can participate in the "Giveaways" that will be hold on 11th of January and 28th of January 2020 for both currencies. You can guys straight away just go to Binance, but I figured a way to do that without doing KYC verification.

The easiest and cheapest way to get some TRX I found was by trading LTC to Tron using the ChangeElly crypto exchange. Basically how it works:

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You need to select both source and target crypto assets you want to trade. In this case LTX and TRX. In the Yellow box you will see the minimum amount you need to send in order to complete the trade. After you press "exchange now" button, you will be asked to provide your destination address(in this case TRX address in Atomic wallet) and then you need to press the "Next Step" button. In the final act of the exchange you will be provided with an address to send the source crypto(LTC). It takes between 10 and 20 minutes to have the funds in your wallet.

The reason behind why I chose LTC to be traded to TRX because I had some in my Coinbase account(for this you need to complete KYC verification, but I am assuming that by now most people are already having account there). The amount of 0.16 LTC is about $8, which is the lowest amount of FIAT I can see spending to get TRX with the little research I did.

Once you have the TRX in your Atomic Wallet you do not have to do anything. Just wait until 11th and 28th of January to receive your BitTorrent and Wink rewards. As far as I understand this is happening every month, so you will be able to receive the rewards more than once.

The mistake I did was I went inside the TRON wallet and selected "staking" option, which is all good and fine, but while staking it, the TRON does not show in your AW balance, which leads to the fact that you are not eligible for the giveaway rewards. On top of that, the yearly yield for TRX is under 1% which is totally not worth it, so you are better off staking. The problem with me "staking" my coins is that you need to wait about 3 days so you can withdraw them back from the staking. Anyway, I have time to do that before the first giveaway.

I hope you guys find this information useful.


DimitarM
DimitarM

I really enjoy Publish0x!


Welcome to my life
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