What if your crypto assets could do more than sit in your wallet, waiting for price gains? With staking, they can. Staking lets you earn passive income by securing the network and receiving rewards in return. For example, Element Wallet offers an easy way to start staking popular assets like Bitcoin (BTC) and CORE, helping you generate passive income and earn a steady return without actively trading. Here’s how it works and how you can get started.

What Is Staking?

Crypto staking is a way to earn passive income by holding and supporting certain cryptocurrencies. Similar to earning interest in a savings account, staking lets you lock up your crypto and get returns on it over time. But instead of just earning interest, you’re also helping secure the blockchain network.

With Element Wallet, staking is simple and non-custodial, meaning you retain control of your assets. You don’t need to rely on a third party to manage your funds, which offers extra security. Element Wallet’s staking rates are competitive, offering 2.11% APY on BTC and 5.8% on CORE, a reliable income stream, especially if you plan on holding your assets for the long term.

Getting Started with Staking on Element Wallet

Ready to put your crypto to work? Here’s a beginner-friendly guide to start staking on Element Wallet:

• Download Element Wallet: Element Wallet is available on both iOS and Android. Download the app and set up your account.
• Store Your Seed Phrase Safely: Since Element is a non-custodial wallet, you’re in full control. Secure your seed phrase somewhere safe, preferably offline, as it’s essential for accessing your funds.
• Fund Your Wallet: You can add funds in two ways:
  • Buy BTC or CORE in the app using Element’s on-ramp feature.
  • Transfer BTC or CORE from an external wallet.
• Go to “Earn” Section: In the app, find the “Earn” tab. Select BTC or CORE, then follow the prompts to start staking your assets.
• Claim Daily Rewards: One of the perks of staking on Element Wallet is that you can claim your rewards daily, allowing your earnings to compound over time.

Why Staking with Element Wallet

Element Wallet stands out as a staking option due to its non-custodial structure and in-app staking feature. You don’t need to go through multiple exchanges or complex platforms, everything you need to stake your assets is right within the app. Plus, the ability to claim rewards daily gives you flexibility and the opportunity to increase your holdings over time.

Element’s rates, such as 2.11% APY on BTC and 5.8% on CORE, make it a competitive choice for anyone looking to grow their crypto portfolio with minimal effort. With Element Wallet, staking becomes an easy, secure way to earn passive income without having to trade or take on extra risk.

If you’re already holding assets like BTC or CORE, staking offers a low-effort way to earn passive income on your crypto. It’s a useful option for those who want to see their holdings grow over time with minimal maintenance and a focus on security. For anyone curious about digital finance and crypto savings, staking through Element Wallet provides a straightforward path to passive income.

With Element Wallet, crypto staking becomes an easy, secure way to earn passive income without needing to trade or take on extra risk.

Disclaimer: The information provided is for general informational purposes only and should not be considered financial advice. Always do your own research before making any investment decisions.