What is staking (Earn) on AFRIDAX Exchange?
By staking on AFRIDAX Exchange, you can earn rewards simply by holding specific cryptocurrencies in your AFRIDAX wallet. This method offers a passive way to generate extra income on your crypto holdings, with the potential for attractive returns at a competitive annual percentage rate (APR).
Which cryptocurrencies can be staked on AFRIDAX Exchange?
Currently, AFRIDAX Exchange supports staking for the following cryptocurrencies:
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ETHEREUM (ETH)
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TRON (TRX)
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CARDANO (ADA)
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SOLANA (SOL)
Please note that the available staking options may change over time.
See the current offering and APR values at https://afridax.com/staking
How do I stake my cryptocurrencies?
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Sign up and create an account on AFRIDAX if you haven’t already.
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Complete the necessary verification process.
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Click on Wallet on the menu bar at the top of the page.
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Click on the Crypto you wish to stake.
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Click on the EARN button. If you do not have the balance, you can click on the Buy option and buy the crypto instantly.
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Enter the amount and click on Submit.
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The balance will be deducted from your account and staked instantly.
Staking Rewards and History
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The estimated APR (annual percentage rate) of crypto will be visible on the Staking screen.
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The staking rewards are distributed daily and will be allocated to your AFRIDAX spot account.
Unstaking of Crypto
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You can instantly unstake your crypto at any time, as there is no lock-in period,
return to the wallet, select the EARN button, and the simply clicking the "Unstake" button. -
Once unstaked, the crypto will immediately appear in your wallet.