Can I Stake Crypto on SwyftX?
Summary: SwyftX currently offers staking for over 20 different cryptocurrencies on their platform like Cardano, Polkadot, Solana, Ethereum, Bitcoin, USDC and more.
The process to stake digital assets on SwyftX is incredibly easy and can be done in a few simple steps.
Once you finalise your staking transaction, you will start earning passive rewards into your SwyftX account daily.
SwyftX enforces "APY tiers" that give users with less money staked higher yields, compared to users who stake larger amounts. This supposedly allows them to provide larger caps across their available staking assets.
For example, the are 3 tiers when you stake USDC on the SwyftX platform. These tiers are as follows:
As you can see, the more tokens you invest - the lower yield return you get. This is why we generally prefer CoinSpot Staking, because they do not offer tiered yields generally have higher rewards for users.
The SwyftX Earn platform does not charge fees when users stake their cryptocurrencies to earn passive rewards. That said, their yields are slightly lower than competitors like CoinSpot or Binance, which means that they may take a stealth fee from the reward without instructing users.
SwyftX is one of the largest and most trusted exchanges in Australia that are widely regarded due to its diverse range of features. Their platform currently offers over 370 cryptocurrencies, digital asset staking, and low instant buy fees that start at 0.6% per transaction.
For more information, you can read our comprehensive SwyftX Review.
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