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How To Get Started With Web Staking

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Staking is one of the easiest ways to earn investment income with cryptocurrencies. In this guide, we explore how to get started with web staking to earn income on your digital asset holdings. 

How PoS Staking Works

The proof-of-stake (PoS) algorithm deployed by a large number of cryptocurrency networks involves participants “staking” digital asset holdings in order to secure the network. In exchange for staking, these validators receive staking rewards. 

To stake cryptocurrency, you will have to reserve large sums of a particular cryptocurrency in your wallet and connect it to the blockchain as a delegate/staker by holding it in the network’s official wallet. After this, you will begin to receive rewards on a (usually) daily basis for your service on the blockchain. The higher the number of cryptocurrency staked, the higher the validation power and staking reward.

For instance, on the Tezos blockchain, transactions are validated when bakers (individuals with large sums of tezzies (XTZ) reserved) watch the network and create blocks. These delegates are then rewarded with newly minted tezzies (XTZ).

Ethereum, the second-largest blockchain network, is currently using a proof-of-work (PoW) consensus algorithm but plans to move to proof-of-stake soon as its developers recognise the value of this alternative method of securing a decentralised blockchain network and rewarding participants.

Recently, third-party providers have launched staking-as-a-service, allowing users to stake cryptocurrencies without having to handle the technical aspects of it themselves. 

Another new development is web staking, a concept that intends to open up staking opportunities to more people. 

Web Staking CREDIT

Terra Credit

Web staking refers to performing staking on a web platform or application. It is a less demanding method of earning passive income with cryptocurrencies as it requires very little activity from the user. An example of a web staking platform is the Terrabit Staking web application.

Terrabit markets the platform as a “service to CREDIT holders as a new and convenient way to earn staking rewards.”

The platform allows users to stake CREDIT, the native token of the TerraBit blockchain. CREDIT is a utility token that enables users to access special features on Terrabit.

CREDIT holders pay zero-fee transactions, faster payments, and web staking. Users can earn up to 100% ROI by staking CREDIT on the Terrabit staking application. The staking collateral threshold for Terrabit is 10,000 CREDIT. This means that you need at least ten thousand coins to start staking and receive rewards.

Top features on the Terrabit staking app include:

  • Web-based CREDIT staking up to 100% per year
  • Hourly rewards
  • No lock-in period
  • Intuitive interface

Terrabit is a South African cryptocurrency trading platform that offers fiat-to-crypto services for five African countries. What’s more, CREDIT is trading on Bitforex, allowing users to change the cryptocurrency for others on an external exchange.

Additionally, CREDIT’s developers already recognised the trend of PoS staking over 18 months ago when they decided to opt for PoS as their network’s consensus algorithm. 

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How to Earn Bitcoin by Playing Online Games

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Playing Online Games

There are many ways to earn bitcoin without making a single deposit of just a unit of Satoshi. You can earn bitcoin from taking online polls, playing new slots, after the delivery of a freelance job, or even from faucet sites. Many platforms are now adopting bitcoin as their legal tender; China is in this race, too. A lot of these outlets pay in BTC, and you can easily earn bitcoin from them if you can work hard for an extended time.

But there is an alternative way of earning bitcoin. You guessed it right! By playing video games online using your PC or SmartPhone. This online casino real money Canada slots are some of the best you can think of, and the fact that you can earn bitcoin while playing your favourite games is enough a reason why you should try it!

SparkProfit 

SparkProfit is one of the go-to Bitcoin games just like many of the games in Mr. Bet. You have to learn how to stay away from your Top Ramen in your grandma’s basement. With this, you are good to go in this game.

It is a trading simulation that gives you the courage to make predictions in the forex and cryptocurrency marketplace. Bitcoin casino Canada is the leading cryptocurrency for online casino deposits. More points will be available to you when you make more accurate predictions. You can withdraw from this platform using bitcoin anytime you like.

Altcoin Fantasy 

This is another virtual platform where you trade games. This platform can also teach you the art of trading in an environment void of risks. It features a competitive leaderboard environment that does not allow you to lose your precious money.

You can trade altcoins on their site using their mobile app or on their website. You can play their games using both iOS and Android devices. Pitching their tents only in Canada and the US for now, the company wishes to extend their tentacles to Hong Kong, South Korea, and Japan very soon.

Tremor Games 

Tremor is a web gaming site that provides you with a plethora of games, similar to what you have in another distinctive flash arcade. But then, it is dissimilar to a standard run-of-the-mill gaming site in that you’ll get your payment through “Tremor Coins” as you keep progressing in the game. You can get the equivalence of the tremor points you’ve accumulated over time in Bitcoins when you exchange them for withdrawals.

Bitfun.co 

BItfun is a standard faucet site. It allows you to play a plethora of games for about three minutes. For each win you make, you’ll earn some bitcoin.

Satoshi Quiz 

This is an exciting and engaging game that awards you a thousand Satoshis for each question you answer correctly. Don’t expect it to be all the questions to be all rosy. There are both easy and tough questions that you have precisely one minute to answer. If you are good with this quiz, you stand the chance of winning up to a million Satoshis.

Quiz BTC 

This quiz is a competitive styled quiz, and it lets you win free bitcoin when you right answer one question. The faster you are on answering these questions, the more Satoshis you stand to gain. New questions are posted every minute, and the winner of the quiz goes home with Satoshis.

Storm Play 

Storm Play is a straightforward and refreshing way of earning free bitcoin, Ether, and STORM when you use their services and products. You can deposit your earnings your wallet, Exodus, or to your Coinbase account.

This guest contribution was written by Loyd Pelto. He is a professional freelance writer. From his posts, you can learn about online casinos, crypto casinos, and how to make predictions on sports betting. 

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How to Choose the Best Broker in South Africa

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Best Broker in South Africa

If you’re interested in forex or CFDs trading, you’ll need to find yourself an online broker. With so many brokers in South Africa to choose from, it can be hard to decide. That’s why in this article, you will learn how to find the best trading platform in South Africa.

Trading in South Africa

South Africa is one of the leading countries for forex trading, alongside the UK, Australia, and the USA. That’s why many brokers are now offering their services to South African residents.

The best thing about online trading though is that you can do it from any location. There are many traders from all across the world, selling and buying assets each day. Many brokers now offer mobile trading apps too, letting you trade directly from your smartphone. A great idea if you want to trade on the move.

Other points to check when choosing a broker include:

  • the minimum deposit
  • assets available
  • regulation licences

Out of these three things, the most important to check is regulation. All good forex and CFD broker platforms should be fully regulated and licenced.

Regulation

Regulation means that a platform is authorised to function as a broker service and monitored by an official regulatory body.

Some important regulation authorities include CySEC, the FSA (Seychelles Financial Services Authority) Financial Services Authority, and the United Kingdom’s Financial Conduct Authority (FCA).

South Africa also has an official regulation board, known as the FSCA (Financial Sector Conduct Authority.) All of these authorities set financial rules that brokers must follow. These rules are designed to protect traders from fraud and scams.

That’s why it’s important that any broker you choose holds at least one licence from one of these authorities. Selecting a regulated broker is the key to trading securely.

eToro South Africa

tradingeToro is a leading broker with millions of clients worldwide, including South Africa. The broker is known for offering a social trading platform which comes with unique tools, such as the CopyTrader tool.

This feature lets users automatically copy the trades of other successful traders. It’s a great option if you’re new to trading and want to learn from others. Other social features include the eToro newsfeed where you can discuss trading topics with members. It’s a great way to keep track of the latest market news.

Most importantly, eToro is a regulated broker, and they hold licences from CySEC and the FCA. So they’re a secure broker to open an account with.

Talking of the trading account, the platform is self-developed by the broker and is known for being very easy to use. It has a clear layout and comes with a great selection of forex and CFD assets to trade with. Some CFD instruments listed include cryptocurrencies, commodities stocks, and indices.

To start trading, you’ll need to open an account with the broker and fund your account. The broker only accepts USD, so if you deposit in ZAR a small conversion fee will be charged. The first minimum deposit amount is $200, but all deposits made after this start from $50.

IQ Option South Africa

Another great broker that we’d like to tell you about is IQ Option. Like eToro, they are also a major broker with many clients from various countries.

The broker was launched in Russia in 2013, and it has grown to be a very respected platform. Currently, the companies headquarters are based in Cyprus, and they hold regulation licences from both CySEC and the FSA. The main thing that IQ Option is known for is its incredibly low minimum deposit.

To start trading with this broker, you just need to deposit $10 to your account. Or if you wish to deposit in ZAR, the amount is 150 ZAR. This is a great amount if you want to start trading with a smaller percentage of funds.

It’s possible to make the deposit using a wide range of payment methods. For instance credit cards, wire transfer and electronic wallets like Skrill and PayPal are all accepted methods. The fact that you can deposit and withdraw in ZAR is great if you don’t want to pay currency conversion fees.

The platform is available for desktop or online use. There is also a free trading app available for iOS and Android devices. Instrument wise, IQ Option offers forex and CFD trading. Stocks, cryptocurrencies, options, commodities, and indices are available for you to trade as CFDs.

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What are the Betway Deposit Options?

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Betway Deposit Options

Betway, based in the U.K., is one of the leading online sports betting bookmarker sites today. The official sponsor of teams like West Ham United, people love Betway because they can bet on so many different sports at once, from cricket to football and more.

It’s no secret that sportsbooks have become one of the leading international bookmakers’ in various countries such as Kenya, Nigeria, Zambia, South Africa, and other countries. If you are wondering how to deposit money into your Betway account, you can start straight away too!

BetwayBetway offers a lot apart from sports betting such as casino games such as table games and slots. There is also live betting and virtual betting in sports such as soccer, horse and dog racing, basketball and tennis.   

Opening an account with the sportsbook is quite accessible since you will only require a username, an email or a mobile number and a password. Once you have verified your account, you are ready to start betting.

Betway Deposit Options

Betway is a versatile online betting shop because it offers various deposit methods for its users. So, how do you get the most out of Betway?

#1. Debit Card or Credit Card

A debit card is a convenient way of depositing your funds. You will instantly get your deposit plus the Betway charges will be transferred to your account.  You can deposit funds to your Betway account through the Visa, MasterCard, or even Electron.

All you need to do is click on the banking button on Betway, and deposit the money by entering your debit card details. Once you confirm the payment, the amount will be deposited to your Betway account – all in a few seconds.  And it’s not just debit cards we are talking about. Yes,, you can deposit funds to your Betway account through credit. Card payment can be made through two options:

  1. Visa
  2. MasterCard

The steps for storing funds through your card payment are the same as the one for the debit card.

#2. Neteller

Neteller is an e-wallet that is compatible with Betway. You can deposit funds in your Betway account using the following steps

  1. Now, just choose any of the Betway depositing options you have available.
  2. Enter your 12 digit Neteller number and six-digit Neteller ID.
  3. Enter your Betway password
  4. Enter the amount you have in mind
  5. Click Confirm.

#3. Skrill

Skrill is another e-wallet that works like Neteller. All you need is a debit it or a credit card to get started with your Skrill account, a reason many bookmakers love it. If you are looking for transferring money from your account, you can use bank transfer or online banking.

Just Select Skrill as your deposit method on your Betway account, enter the amount you would like to deposit, and deposit!

#3. PayPal

PayPal is another e-wallet that makes it easy to deposit to your Betway account. It is free of any charges, and you can deposit any amount you like seamlessly.

All these deposit options will deposit money to your Betway account.

*This article was contributed by an external media partner.*

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