Forex Brokers That Accept Monero Payment Method for Deposit and Withdrawal

Staking is the process of locking crypto coins to verify transactions on a blockchain network, and it only works with cryptocurrencies that use the Proof of Stake model. It starts with the blockchain users pledging their coins to the crypto protocol. Then, the protocol chooses multiple validators to confirm blocks of transactions and add them to the network. The more coins you commit, the higher the chance of being selected as a validator.

Every time a block is added to the blockchain network, new crypto coins are minted and distributed to the block's validator as staking rewards. Most of the time, the rewards are the same type of crypto that the validators are staking, although some blockchains may also use a different kind of crypto.

Continue Reading at Can You Stake Coins on Huobi Global?

Coinbase is arguably the most popular crypto trading platform right now. The platform is widely known to offer reliable service with high-security measures. If you are looking for a simple app to get you started on mobile trading, Coinbase is certainly a great choice. Once you open the app, you will meet a bunch of step-by-step tutorials about crypto trading. Before you sign up, you will also be asked to complete the KYC process for extra safety.

Security is one of the greatest advantages offered by Coinbase. After logging in, you will be required to enter your chosen PIN and two-factor authentication through a code sent to your phone via SMS. Besides that, 98% of users' funds are stored offline cold storage. Users are allowed to lock their withdrawal requests for 48 hours.

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To transfer crypto funds to a non-Binance user, you can follow the steps below:

1. Open your Binance app, tap "Binance Pay," and click "Send".
2. Enter the recipient's phone number, email, or Pay ID, then click "Continue."
3. Binance will inform you that the recipient is not a Binance user. If correct, click "Continue" to go to the next step.
4. Choose the crypto and amount you want to transfer, then click "Continue". Additionally, you can add notes for the recipient.
5. Make sure that all the details are correct. Click "Confirm" to finish the transaction.

Continue Reading at Binance Pay: Is It the Easiest Crypto Payment Method?

Here's how you calculate APY in crypto investments:

Note:

• r = interest rate
• n = compound interest period (on APY, usually n = 12 months)

Continue Reading at APY and APR in Crypto Investments Explained