How to Stake Helium Tokens (HNT) And Earn 5% APY The Easy Way
You’re probably familiar with the terms “certificate of deposit” or “high-yield savings” account when it comes to earning interest, but have you heard of staking cryptocurrency and earning rewards just from holding certain coins/tokens?
I’ve been mining Helium tokens for a few months now. Yes, earning money from a device you plug into a wall is awesome, but I wanted to make money on that money.
If you look at helium.com’s website, there is a list of resources you can use to “stake your tokens and earn interest on them” for free.
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There are a few websites offering Helium staking but my preferred method is a website called helium-staking.com. It’s free to sign up, the fees associated with it are paid by ALL the people, not just you, so at the end of each pay period, you’re essentially paying $0.001 in fees and earning 5% interest on whatever you’re staking.
Their interface is easy to use and getting started only takes a few minutes.
Here’s how to sign up to start earning on your HNT:
- You must have purchased or mined some HNT in order to use this service. You can mine HNT using a Helium Hotspot (like I’m doing) or you can buy HNT directly from Binance.us or Crypto.com. If you’re outside the United States, you can buy from Binance.com.
- Once you have some HNT, you’ll want to create a free account with helium-staking.com.
- After creating your account, head to the Wallet page to find your unique wallet address. This is the address you’ll send/transfer your HNT to from either Binance.us or Crypto.com.