What is flexible savings staking?
卡卡的复利日记
Updated at: 2 years ago
The vision behind BitNasdaq is to make trading cryptocurrency easy and seamless, even for non-tech-savvy users. From trading to taking loans to staking, BitNasdaq has made every experience easy for all its users. The Flexible Savings financial plan on the BitNasdaq platform is easy to understand and seamless to use. This financial plan enables users to make an informed decision and have free control over when they want to break their stake lock.
The first is the availability of a variety of cryptocurrencies and tokens for the user to stake. To name a few there are BTC, QTC, ETH, USDT, and more. This variety of cryptocurrencies allows the user to choose the best option for themselves.
The second option available to the users is the number of days that they can stake. In Flexible Savings staking the user has the option to stake for however many days that they want to stake. The minimum requirement for staking on Flexible Savings is for at least 24 hours, after which the user will start receiving the APY. This allows the user to make a more informed and precise decision. These two features enable the user to have a more customizable staking plan for themselves. With this, the user can stake the cryptocurrency or token of their choice for however many days they want to stake it.
The Staking Procedure
1. All the user has to do is sign up on the BitNasdaq platform first, because without an account you cannot stake on the platform.
2. Once signed up and logged in, the user has to go into the Financial section and select the Flexible Saving section.
3. In the Flexible Saving section, the user can choose from the cryptocurrency or token that they want to stake.
4. The next thing that the user has to enter the amount of cryptocurrency which they want to stake.
5. Once all the necessary information has been provided and completed, the staking will begin. Here note that once you start staking, the currency staked by the user will remain locked on the platform for the chosen time. The lock can be opened easily whenever the user wants to, but the only condition to ear the APY is to stake for at least 24 hours. The APY will be received at the end of the staking.