Invest Your Crypto Smart: WhiteBIT SMART Staking Explained

Invest Your Crypto Smart: WhiteBIT SMART Staking Explained

Blockchain
May 5, 2022 by Editor's Desk
419
Passive income has acknowledged itself as a great tool to create a capital cushion to secure the main income source. Profiting passively on cryptocurrencies is one of the most attractive ways to create such a cushion. But first, one needs to find a reliable crypto exchange offering such an option. WhiteBIT, which is considered the
Invest Your Crypto Smart: WhiteBIT SMART Staking Explained

Passive income has acknowledged itself as a great tool to create a capital cushion to secure the main income source. Profiting passively on cryptocurrencies is one of the most attractive ways to create such a cushion. But first, one needs to find a reliable crypto exchange offering such an option. WhiteBIT, which is considered the safest crypto exchange, invented a unique passive income tool that allows receiving up to 28% of the profit from holding a wide variety of cryptocurrencies. Today, we will explain how this tool works, how to invest safely, and what options there are to start enjoying passive crypto income.

What is SMART Staking?

SMART Staking is a tool created by the global crypto exchange WhiteBIT to allow users to buy cryptocurrencies and receive a certain percentage of passive income for holding these cryptocurrencies on plans. Each crypto holding plan differs in interest rates and periods. Users can choose a crypto, top up the balance, and enjoy the growth of their income.

How to open a plan?

It’s easy as that:

  • sign up on the platform;
  • go to the Main balance and top it up with an asset of your choice;
  • open the page with the plans designed for staking. You can apply filters to find the necessary asset faster;
  • click on the plan, specify the deposit amount and press the “Deposit” button. Then you will see the amount of profit to receive after the plan clusure. Please note that the smallest and the biggest amount of deposit vary depending on the plan. Make sure to check this information beforehand.

 

Done! Your SMART Staking plan is activated. Once the holding period is finished, the plan will be finished by default, and your investments + the interest rate will be brought back to you. It is worth mentioning that you can close the plan manually, but in this case, the interest rate will not be accrued.

Security

One may ask a question about the guarantees of the funds’ safety during the holding time. WhiteBIT is considered the most secure crypto exchange, which is confirmed by regular audits carried out by Hacken and independent ratings like cer.live. 96% of all assets are stored on cold wallets. Moreover, the exchange uses multiple protection technologies, WAF, anti-fishing, 2FA, regular cybersecurity, penetration testing, etc.

Plan periods

There are plan periods for ​​ten, twenty, thirty, ninety, a hundred and eighty, and three hundred and sixty days. The amount of profit differs from plan to plan. The longest plan designed for 360 days period has the biggest interest rate and is the most profitable. Users can open a few plans at the same time, but their periods must be different. Say you can choose a 180-day plan and a 360-day plan with USDT. You can close the plan and receive your invested funds back, but without the interest.

 

To terminate the plan beforehand, go to the “Active plans” section on the SMART Staking page and click on “Close deposit” near the selected plan.

Conclusion

SMART Staking on WhiteBIT, the most secure crypto exchange, is a safe and reliable method to enjoy passive earnings from holding cryptos. You can buy a desirable crypto, hold it on a chosen plan for a certain period and enjoy a guaranteed profit!