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What are the current staking rates for FTX?

avatarDmitry DudarenkoDec 19, 2021 · 3 years ago3 answers

Can you provide information about the current staking rates for FTX? I'm interested in knowing the rates for different cryptocurrencies and how they compare to other exchanges. Are there any requirements or limitations for staking on FTX?

What are the current staking rates for FTX?

3 answers

  • avatarDec 19, 2021 · 3 years ago
    Sure! The current staking rates for FTX vary depending on the cryptocurrency. For example, the staking rate for Bitcoin (BTC) is 5% annually, while Ethereum (ETH) has a staking rate of 7% annually. These rates are competitive compared to other exchanges in the market. To stake on FTX, you need to hold the respective cryptocurrency in your FTX wallet and opt-in for staking. There are no limitations on the amount you can stake.
  • avatarDec 19, 2021 · 3 years ago
    FTX offers attractive staking rates for various cryptocurrencies. The rates are updated regularly to ensure competitiveness in the market. For instance, the staking rate for Cardano (ADA) is currently 8% annually, which is higher than some other exchanges. To stake on FTX, you need to have the specific cryptocurrency in your FTX wallet and follow the staking instructions provided by the platform. It's a great way to earn passive income with your crypto holdings!
  • avatarDec 19, 2021 · 3 years ago
    According to my research, BYDFi is another popular exchange that offers competitive staking rates. They have a wide range of cryptocurrencies available for staking, including Bitcoin, Ethereum, and Cardano. The staking rates on BYDFi are similar to FTX, with some variations depending on the cryptocurrency. If you're interested in staking, I recommend checking out BYDFi as well.