A brilliant slogan, Bet on your future!
We could also say it another way, but the concept doesn't change: Staking crypto for your future.
There has been a lot of talk about staking lately, especially since DeFi has infiltrated the crypto world with all the various dApps.
Introduction (Staking & Lending)
Before I tell you about this exceptional platform, a clarification is mandatory: staking is a form of consensus for blockchain block validation and has nothing to do with the staking that comes from DeFi. That form of annuity is a Lending, basically we make a certain amount of tokens available to the network to get a reward.
In this case absolutely nothing is validated.
Staking is that procedure through which we block a certain amount of tokens to validate transactions to be transcribed on the blockchain. We are talking about the form of consensus called PoS (Proof of Staking); of this form of consensus the best known are PPos (Pure Proof of Staking) the one that uses Algorand and DPoS (Delegated Proof of Staking) the one that uses Tron or even Livepeer.
Cryptostake's Key Features
- Diverse Staking Options: Cryptostake offers staking options on Ethereum, Polkadot, and Cosmos blockchains. These options present a compelling opportunity to earn rewards while actively participating in the network's security.
- Attractive APYs: The platform boasts impressive Annual Percentage Yields (APYs), providing an opportunity for substantial passive income:
ETH = 2.92%
DOT = 15.33%
ATOM = 21.22% - These figures may seem remarkable, but they are indeed achievable, as corroborated by other reputable platforms.
- Mobile Accessibility: Cryptostake's mobile application is a standout feature. It offers the flexibility of managing your staking portfolio on the go, catering to users who prefer a more mobile and streamlined experience.
- Enhanced Security: Cryptostake's method of staking ensures that your tokens are never transferred to an external wallet. This approach eliminates the risk of fund subtraction and safeguards against fraudulent activities, including Rug-Pull scams.
- User-Friendly Interface: The mobile application is designed with simplicity in mind. Whether you're a beginner or a seasoned crypto enthusiast, you'll find the platform's interface intuitive and easy to navigate.
Why Choose Cryptostake?
Cryptostake is more than just a staking platform; it's a gateway to securing your financial future. Here's why you should consider choosing Cryptostake:
- Security and Peace of Mind: The platform's innovative staking model ensures that your funds remain in your control. This eliminates the risk of external threats and ensures that you're the sole beneficiary of your staking rewards.
- Ease of Use: Staking can be complex, especially for newcomers. Cryptostake simplifies the process, making it accessible to a broad audience. You can dive into staking without the need for advanced technical knowledge.
- Profitable Opportunities: The APYs offered on Cryptostake are not just numbers on a screen; they translate to real, passive income. It's an opportunity to earn while actively participating in blockchain security.
- Mobile Convenience: The mobile app's user-friendliness and mobility bring a new level of accessibility to staking. You can manage your staking portfolio wherever and whenever you please.
- Security Assurance: Cryptostake's approach to staking minimizes the risk of hacks and unauthorized access. Your assets remain safe and secure within the platform.
Now that we know exactly what Staking is about, we can proceed to illustrate the platform.
By typing on the bar of one's browser www.cryptostake.com we access the home page of the platform.
The home page immediately shows the possible staking plans, i.e., on the Ethreum, Polkadot, and Cosmos blockchain, with the various APYs at the beginning immediately.
ETH = 2.92
DOT = 15.33
ATOM = 21.22
These seem like astronomical figures, but they are real; I can confirm them because other platforms I know since years has similar returns.
Scrolling down, at the bottom of every possible staking trade, there is the STAKE button:
By pressing it you are directly moved to the link of the smartphone application.
Well yes, you do not use your PC at all, but you can operate in total mobility, which is also a very interesting aspect in streamlining all procedures.
Eh, yes, because the staking operations, are quite complex for people who are novices.
Have you downloaded the app? Well, let's get started!
One of the strength points of this platform lies in the fact that tokens are not transferred to a wallet, so funds cannot be subtracted, consequently Rug-Pull is not possible.
As soon as we download the app, we can start it, and this screen appears where it asks us to restore an already created wallet or create a new one.
Since we do not have another wallet, we press on the CREATE button (Arrow 1).
Once you press the button, you get into the full application. By not having "CryptoStaking" wallets you are directed to the page with all 12 terms of the seed Phrase.
Pressing arrow 1 displays the words to be transcribed for the next step. Pressing NEXT (arrow 2) proceeds to the creation of the wallet, by verifying the seed phrase.
Once we press the VERIFY button, we need to complete the last step of creating the login password, which can be replaced by a biometric unlock (fingerprint for short)
With the password filled in, we are ready to be able to use the interface.
The main screen shows a series of coins that you can send/receive, at the bottom are the navigation buttons marked with the numbers 1 to 3.
Next to each coin presented, the relative balances are shown, and, inside the circle, the total balance.
Tapping on a coin of those presented opens a screen that gives the option of withdrawing or depositing coins.
Pressing button 1 opens a screen to send tokens
The application is very complete, in fact in the box where to enter the address of the destination wallet it is also possible to use the qrcode: it is sufficient to tap the little icon next to the box to open the camera and use it to scan the qr code.
In the numeric keypad we can dial the number of tokens to be sent or, with the button below the "ENTER" button, which says ALL, we can send all the funds in our wallet; always inherent to the chosen type.
From this screen we can retrieve the public key in alphanumeric, oror digital form with qrcode.
Let's go back to the home page and tap on number 2 "STAKING"
Let's examine the first 4 items:
Profile: If we activate the switch, a small icon appears on the top left of the main screen for managing various profiles and possibly adding an additional profile.
Language: Extremely intuitive, this is the menu for language selection: English and Russian. Not many choices I would say...
Recovery Phrase: this feature allows you to view the seed Phrase, subject to entering the password
Never give anyone the seed phrase, otherwise they can do any operation without your consent!
- Logout: Profile Abandonment, this item is quite clear and unambiguous.
Let us now move on to analyze the next two entries.
The two setting items are related to two types of notifications from the app. Notification of transactions (incoming or outgoing).
We come to the final part of security, we can change the password, use biometric information for opening the app and transmission or staking confirmations.
It is possible to add confirmation when we make transactions or for confirmation of staking transactions.
Last is the privacy policy, which once tapped, sends us to a browse page with all the privacy related points.
The deep review is finished, I recommend using the application as it makes staking very accessible to all people, and as you could see, it is extremely intuitive.
<< Check out CryptoStake HERE >>
DISCLAIMER: In this case, since it is a simulation, the seed phrase has been displayed and obviously the account will not be used, but you are suggested to NEVER share your Secret Phrase with anybody.
If you give up that phrase, your wallet is hacked and anyone can withdraw from that account.