Mastering Passive Profits with Bitget On-chain Earn: A Comprehensive Guide

Bitget On-chain Earn emerges as a contemporary financial instrument, offering a low-risk avenue for income generation. Let's delve deeper into this feature and explore its potential advantages for long-term financial strategies.

What is Cryptocurrency Staking?

Traditional Banking vs. Crypto Staking

Staking in cryptocurrency parallels the accrual of interest in conventional banking systems. Traditionally, individuals accrue interest by depositing money, which the bank subsequently lends. This process involves the bank facilitating loans and redistributing a portion of the interest to the depositor.

In the cryptocurrency context, staking pertains to the allocation of assets to validate transactions. This allocation fortifies blockchain's resilience, and profits are bequeathed in the form of new cryptocurrency units.

The role of Proof-of-Stake (PoS)

Cryptocurrencies leverage a consensus mechanism known as 'Proof-of-Stake (PoS)' to validate and secure transactions. This process omits the need for intermediaries such as banks, and the yield is influenced by metrics like network traffic and liquidity.

This PoS consensus model is pivotal in block validation, offering an energy-efficient alternative to traditional models. Staking volume directly correlates with profits, establishing an incentivized structure for participants. The more you stake, the higher the potential profits.

Introducing Bitget On-chain Earn

Bitget's approach to staking furnishes our users with a low-risk, capital-protected method to augment their cryptocurrency holdings. Central to its appeal is its streamlined nature, requiring no hardware investment or complex setup.

You can earn profits by simply locking (staking) your assets on the blockchain network via Bitget. Participants who lock their assets are rewarded with the same token they lock.

Join Bitget On-chain Earn now!

Bitget On-chain Earn offers a range of advantages for investors, especially those looking for a more conservative and hands-off approach to growing their wealth. Key advantages include:

● Consistent Growth: Earn steady profits over time, enhancing your assets without extra risks.

● Hassle-Free Setup: Unlike many platforms, Bitget ensures an uncomplicated process, minimizing potential issues.

● User-Friendly: Suitable for both beginners and experienced investors, Bitget offers a clear locking and unlocking process.

● Instant Profits: See your returns added in real-time, allowing continuous tracking of asset growth.

How are profits calculated?

Different blockchains have their reward metrics. Common factors include locking volume, duration, network volume, or reflecting inflation.

Getting Started with Bitget On-chain Earn

Step 1:

Simply sign up for a new Bitget account or log in to your existing one.

On the Bitget website, you can select ‘On-chain Earn’ from the ‘Earn’ drop-down menu in the top navigation bar or simply click here.

On the Bitget app, you can choose the ‘On-chain Earn’, located in the ‘Earn’ section.

Step 2:

Explore the available products, and select the one(s) that interest you. To view only the options for assets you have in your Bitget account, simply tick the ‘Match my assets’ box.

Enter the amount you want to lock. Carefully review the details, including the APR, interest distribution time, estimated daily profit, and unlock time. Once you have read the details, tick the two boxes in the Note section, and click the ‘Subscribe now’ button.

The profits will be automatically distributed to your account after you have started locking.