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Frequently asked questions

What is crypto staking?

Crypto staking is a way to put the crypto tokens you have in your possession at the disposal of the market to help the blockchain network confirm transactions.Exchanges will then make you earn money from those tokens you lend them.

What does mint a NFT mean?

Minting is the process of creating an NFT on a blockchain like Solana or EthereumThe minting process will make your digital creation (NFT) to be bought and traded on crypto exchanges

Staking or lending: What's the difference?

When you stake your coins, you are essentially allowing your wallet to be used as a voting member of the network. Your vote helps to decide which blocks are added to the blockchain and which aren’t. This process is important because it helps to ensure that the blockchain remains decentralized. When you lend your coins, you are essentially loaning it to somebody else that will pay you for that. This means the coins are not yours anymore.

Is staking safer than lending?

There is no right answer to this question, as it depends on the individual's preferences and risk tolerance. Some people may feel more comfortable staking their coin, as they don't have to worry about the possibility of losing their coins if the lending platform goes out of business. Others may prefer to lend their coin, as they can usually get better rates.

Can you lose crypto by staking?

The possibility of an adverse price change in the asset(s) that investors are staking is, perhaps, the biggest risk they face when investing in cryptocurrencies. If, for instance, you are staking an asset and earning 20% APY, but it loses 50% of its value over the course of the year, you will still have lost money.