Staking is the process of depositing and holding funds in a wallet or an exchange to support the security and operations of a proof-of-stake blockchain network. In return, users receive rewards for this.
“WazirX staking is very simple. All you need to do is buy or deposit a PoS token and hold at least a minimum balance of it on WazirX. We don’t even lock users’ tokens. Users can trade any time, and when their funds are idle, they get staking rewards. This is the best of both worlds,” says Shetty.
Disclaimer: Cryptocurrency is not a legal tender and is currently unregulated. Kindly ensure that you undertake sufficient risk assessment when trading cryptocurrencies as they are often subject to high price volatility. The information provided in this section doesn't represent any investment advice or WazirX's official position. WazirX reserves the right in its sole discretion to amend or change this blog post at any time and for any reasons without prior notice.
