Education

STAKING DIGITAL ASSETS WITH HUBBLEBIT

HubbleBIT team of professionals is passionate about a decentralized, open and transparent financial community. With a long history in Cryptocurrency trading, we are now offering our traders an opportunity to gain an additional passive income by Staking crypto.


WHAT IS STAKING?

Staking crypto means locking and holding the funds in a cryptocurrency wallet to support the security and operations of a blockchain network. Anyone with a minimum-required balance of a specific cryptocurrency can participate and earn Staking rewards.
Staking cryptocurrencies originated in December 2020, and as a pioneer in digital asset trading, HubbleBIT program offers one of the highest rewards to our participants.
Join us to help secure networks and earn rewards!


HOW DO I EARN STAKING REWARDS WITH HUBBLEBIT?

Rewards are calculated by the applicable asset. HubbleBIT will receive the rewards from the network on your behalf and then automatically credits them to your account.
Rewards are calculated based on the amount of the digital assets you hold in that particular wallet—the more you hold, the more HubbleBIT can stake on your behalf, and the more potential rewards you receive.


CAN I OPT OUT?

Yes, but you will no longer receive rewards until you opt back in.


IS IT SAFE AND HOW DOES HUBBLEBIT STAKES DIGITAL TOKENS?

Yes, the staked digital tokens never leave our cold wallets. To further minimize risk (e.g., from slashing and to ensure we can accommodate withdrawals) we only stake a portion of the digital tokens we hold. Every digital token has its own way of implementing the staking mechanic, but the process usually begins with us using our cold wallet funds in order to delegate votes to a chosen validator node. Staking provides a layer of governance to its network participants which helps to make the network more secure and for that, network participants are rewarded.


WHAT ARE THE ELIGIBILITY REQUIREMENTS FOR STAKING REWARDS WITH HUBBLEBIT?

– You open and fund your HubbleBIT account
– You must have the minimum balance needed for the specific cryptocurrency you want to Stake.
– You can either purchase or maintain the minimum balance in HubbleBIT account, or transfer the cryptocurrency from an outside wallet or exchange.
– You must hold the eligible cryptocurrency on hubblebit.com

If you have any questions about staking with HubbleBIT, please do not hesitate to reach out to us. We are happy to help you in navigating through this new digital ecosystem!