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Hedera Community Chat ($HBAR) Hedera Community Chat ($HBAR)
Sol-Invictus

Hi, I recently discovered HBAR. Can someone please explain what

"staking" HBAR means and how I would go about doing it?

#cryptocurrency #english #hbar
0

17 ответов

15 просмотров
Jeeptopdown-

Staking on Hedera is assigning your HBAR to a node in order to help with the security of the network. On Hedera there is no risk and all nodes are currently paying 6.5% in staking rewards. To participate, you just need to hold your HBAR in one of the 5 hot wallets that are enabled for staking and pick a node.

0
03.08.2023
Sol-Invictus Автор вопроса
Jeeptopdown
Staking on Hedera is assigning your HBAR to a node...

Thanks. Is HashPack one of those wallets that allows staking? I've heard about it but currently I'm using Exodus, though my HBAR was bought on Revolut and they don't let you transfer HBAR to a crypto wallet yet. I only bought £10 worth, though next time I'll buy it somewhere else as Revolut's fees are ridiculous. Maybe I'll get it from Binance, idk.

0
03.08.2023
Joe-
Sol Invictus
Thanks. Is HashPack one of those wallets that allo...

Yeah hashpack allows you to select a node to start receiving native staking returns

0
03.08.2023
Sol-Invictus Автор вопроса
Joe
Yeah hashpack allows you to select a node to start...

Thanks. Where would you say the best place to buy HBAR is? I'm thinking I'll try Binance as they seem to have low fees but I'm not sure

0
03.08.2023
Jeeptopdown-
Sol Invictus
Thanks. Where would you say the best place to buy ...

Any exchange that allows you to move it off the exchange. Binance is not available where I am (US), so I don’t have experience with it. But I think it’s good???

0
03.08.2023
Sol-Invictus Автор вопроса
Jeeptopdown
Any exchange that allows you to move it off the ex...

I'm based in the UK but I believe they've made it so you can't use British Pounds Sterling on Binance because of regulatory issues, which is why I'm somewhat reluctant to use it. I think you need to buy USDT (Tether) on Binance and then use that to buy other cryptos if you're based in the UK. That's my understanding anyway. Seems like a hassle.

0
03.08.2023
General Von Klinkerhoffen-
Sol Invictus
I'm based in the UK but I believe they've made it ...

I'm in the UK. Fiat from Santander to Revolut Revolut to Coinbase GBP to USDT USDT to Hedera Transfer Hedera from Coinbase to Hashpack. No memo required, just Hashpack wallet address. Takes a few minutes from start to finish. Once initially staked on Hashpack, any new transfers in automatically stake. All really straightforward. Don't use any UK high street banks to on ramp to exchanges, as they limit transfers. It's a control thing. That's why you should use Revolut as an intermediary- they can't limit transfers to and from Revolut. Takes a few minutes to set up an account there. Had I have set Revolut up in time, I would have bought last Dec when it was under 4c (just couldn't get my money onto Coinbase) Instead my average is nearer 6c. Anyway, as we know, timing the bottom isn't easy.

0
03.08.2023
Sol-Invictus Автор вопроса
General Von Klinkerhoffen
I'm in the UK. Fiat from Santander to Revolut R...

How do I send money from directly Revolut to Coinbase?

0
03.08.2023
General Von Klinkerhoffen-
Sol Invictus
How do I send money from directly Revolut to Coinb...

Faster payments. Find the account number. Details will be on Coinbase

0
03.08.2023
Sol-Invictus Автор вопроса
General Von Klinkerhoffen
Faster payments. Find the account number. Details ...

It's a pity Coinbase charge a fee. £0.99 is better than £1.49, but still.

0
03.08.2023
Sol-Invictus Автор вопроса
General Von Klinkerhoffen
Never had a fee for transferring money in.

Well I bought HBAR on Coinbase using Revolut

0
03.08.2023
General Von Klinkerhoffen-
Sol Invictus
Well I bought HBAR on Coinbase using Revolut

Transfer in future by faster payments. Easier and cheaper.

0
03.08.2023
Sol-Invictus Автор вопроса
General Von Klinkerhoffen
Transfer in future by faster payments. Easier and ...

I only see the option to add a payment method via PayPal or credit/debit card, though that might be because I'm using the app

0
03.08.2023
Kas-Per
Sol Invictus
Thanks. Where would you say the best place to buy ...

If you're in the uk just by it on coinbase. No need to mess around with revolut.

0
03.08.2023
General Von Klinkerhoffen-
Kas Per
If you're in the uk just by it on coinbase. No nee...

I can't transfer anything from Santander or buy any crypto. You can send a few grand a month but when you want to do more, use Revolut.

0
03.08.2023

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