How to buy and stake HEX for Canadians.
My recommendation for standard Cryptocurrency Investment is — Buy HEX and Stake it.
(Canadian Version but this method can be used almost anywhere)
I have been in Crypto for four years and would like to ensure people don't get scammed and hacked. It all starts with security and not putting your assets on exchanges. Cryptocurrency is all about being responsible for your money, and I'm not a financial advisor.
What's Crypto supposed to be?
Satoshi created the #Bitcoin technology to allow peer-to-peer online transactions without a financial entity as a middleman.
It has evolved into a better-designed cryptocurrency known as #HEX—the first blockchain Certificate of Deposit that pays you for holding by staking. Delayed gratification pays the most.
Steps 1–8
- Buy a Hardware Wallet:
https://shop.ledger.com/products/ledger-nano-s
2. Setup up your secure hardware wallet:
Download Ledger Live
-Update your device firmware.
NEVER SHARE YOUR 24 WORD SEED PHRASE WITH ANYONE. NEVER TYPE IT IN TO ANYWHERE! IT IS YOUR KEY IF YOU LOSE YOUR DEVICE TO RECOVER YOUR WALLET.
Read more: Can your NFTs get hacked?
3. Buy ETH:
https://netcoins.app/r?ac=2N06H0 (referral link)
(Canada only: free $10 with $100 funding)
You can acquire ETH in many ways. Choose what's easiest for you.
4. Deposit #ETH to your new Hardware Wallet.
Always copy and paste your public address. Never type it in. (There are no reversals)
5. Download the MetaMask Plugin for chrome and connect to your hardware wallet:
https://www.ledger.com/academy/security/the-safest-way-to-use-metamask
6. Swap ETH for HEX on Matcha Decentralized Exchange:
https://matcha.xyz/markets/1/HEX
7. Stake HEX for the best returns:
a. https://go.hex.com/stake/
Official HEX legacy stake interface.
b. https://hedron.pro/#/dapp
A secondary dApp allows users to create HEX stake instances (HSI). This HSI enables the flexibility to borrow and mint HDRN tokens and turn a HEX stake into an NFT. You can sell the HDRN tokens anytime.
Click to Learn more about Hedron
You can stake your HEX from 1 day to 15 years. The more you stake, and the longer you stake, the better APY up to 38% you will receive.
HEX is an immutable contract in the blockchain code. Nobody except you can change that. If you need to end your stake early, you will be penalized.
You won't lose any principal investment if you make it through half of your stake length.
For staking penalties: http://hex.wiki/penalties
8. Stake and Chill. Let your money work for you!
NEW TO CRYPTO? Learn more here https://docs.hex2learn.com/
Helpful Sites: https://www.howtopulse.com/
Written by: @hostshawn via wnotn.com (@whatsnotnews)
