Does BTC Direct offer staking?

At BTC Direct, we do not offer staking because we do not store cryptocurrency for our users. In this article, we will explain what staking is and why it is not available on our platform.

What is staking?

Staking is a process where cryptocurrency holders temporarily lock their coins in a wallet to help validate transactions on a blockchain network. By locking their coins, users can earn rewards in the form of additional coins.

Why doesn't BTC Direct offer staking?

Although staking is a popular way to earn extra coins, we have chosen not to offer staking at BTC Direct. This is because, as a platform, we do not store cryptocurrency for our users. At BTC Direct, you can buy and sell cryptocurrency, but we do not store the coins in wallets required for staking.

We strongly believe in providing a secure and reliable trading environment for our customers. By not storing cryptocurrency, we minimize the risk of hacks and theft. We always recommend our users to store their cryptocurrency in a personal wallet where they have full control.