How to Stake XPL on Bittime in 4 Easy Steps

Want to learn how to stake Plasma (XPL) easily and earn an 8% APY? Bittime offers a secure and fast solution for you to stake Plasma (XPL) instantly, anywhere, anytime. Here are four easy steps to stake Plasma (XPL).

Before Staking, Do These 4 Things First

This guide will help you understand how to stake Plasma (XPL) in just four simple steps, suitable even for beginners.

1. Create a Bittime Account

Download the Bittime appand register on Bittime with your email address and set a strong password to secure your account.

2. Verify your account

Verify your identity by entering your personal information then uploading a photo of your ID card & a selfie of your face.

3. Top up your IDR balance

Top up or deposit IDR via bank VA or e-wallet after your Bittime account is verified.

4. Buy Plasma (XPL)

Open the trade menu and buy Plasma on the market Plasma (XPL)/IDR.

Read Also:Convert 1 Plasma (XPL) to IDR - Plasma (XPL) Exchange Rate

How to Top Up IDR to Buy Plasma (XPL) on Bittime

Top Up Through Bank

Top up Bittime IDRvery easy, follow these steps:

• Make sure your Bittime account is verified.

• Open Bittime App, open deposit IDRon the Home page or open the wallet menu and select IDR deposit

• Select a Virtual Bank account, copy one of the bank VAs you will transfer to.

• Make sure you transfer using a real-time/online transfer method so that your deposit can be credited immediately.

• Minimum deposit starts from 10,000 rupiah.

• The funds you transfer will be credited to your IDR wallet.

Top Up IDR Via E-wallet

Top up IDR on Bittime is very easy, follow these steps:

• Make sure your account is verified.

• Open the Bittime App, go to IDR deposit on the homepage oropen walletYou and choose IDR deposit

• Select Ewallet such as OVO, DOKU and follow the instructions to top up IDR

• Make sure you transfer using a real-time/online transfer method so that your deposit can be credited immediately.

• Minimum deposit starts from 10,000 rupiah.

• The funds you transfer will be credited to your IDR wallet.

How to Staking Plasma (XPL) 

Staking on Bittime is very easy, just follow these steps:

• Select the staking menu on the homepage.
  
  
   

• Type Plasma (XPL) in the search bar and then select Plasma (XPL).
  
  
   

• Enter the nominal/amount of crypto assets you wish to stake. This section will display the estimated total interest you will earn and the timeline for staking your assets.
  
  
   

• If everything is correct, tick the Bittime Staking Agreement and click confirm.
  
  

• Your staking has been successful.

Read Also:How to Buy Plasma (XPL)

How to Store Plasma (XPL)

The best way to store plasma (XPL) varies depending on your needs and preferences. Review the pros and cons to find the best method for storing plasma (XPL).

Store Plasma (XPL) in Your Bittime Account

Storing your crypto in a Bittime account gives you quick access to trading products, such as spot trading, staking, and more.

Bittime acts as a custodian for your crypto assets to help you avoid the hassle of securing your own private keys.

Be sure to set up a strong password and enhance your security settings to prevent malicious actors from accessing your funds.

Store Your Plasma (XPL) in a Non-exchange Wallet

You can withdraw Plasma (XPL)You to a non-exchange wallet. Storing Plasma (XPL) in a non-exchange wallet or self-storage gives you full control over the private keys orprivate key your wallet.

You can use any type of wallet, including hardware wallets, Web3 wallets, or paper wallets. Note that these options may be less convenient if you frequently trade Plasma (XPL) or use your assets.

Make sure to saveprivate key You in a safe location as losing it could result in permanent loss of your Plasma (XPL).

What Can You Do with Plasma (XPL)?

Hold

Save/hold your Plasma (XPL) assets in your Bittime account.

Trading

Trade your Plasma (XPL) on the Plasma XPL IDR spot market

Staking

Generatepassive incomeby staking Plasma (XPL) on Bittime

Why Traders Prefer Bittime as Their Plasma Trading Platform (XPL)?

Easy Crypto Asset Purchase

Users can safely buy and sell hundreds of crypto assets directly using Indonesian Rupiah (IDR). These include Plasma (XPL), Dogecoin (DOGE), Ripple (XRP), TRON (TRX), Cardano (ADA), Polkadot (DOT), Polygon (MATIC), and Binance (BNB), among many others.

User-Friendly Application

Bittime is very beginner-friendly for crypto asset transactions, with an easy-to-use interface, numerous IDR deposit and withdrawal options, and various reward activities such as weekly cashback promotions, trading competitions, and airdrops.

Bittime offers a variety of benefits, including security, reliability, ease of use, and profitable features that simplify buying and selling crypto assets.

Highest Rating

Bittime has received the highest rating from a large number of users, with an accumulated rating of 4.8 on Google Play, making Bittime the best crypto asset exchange in Indonesia.

Bittime is committed to being the safest, easiest-to-use crypto asset trading platform, and is constantly expanding to add the best features.

Security and Reliability

Bittime operates under the supervision of Indonesia’s Financial Services Authority (OJK) and is registered with CFX, the Indonesia Commodity Clearing House, and Komdigi. The platform uses advanced MPC encryption technology to secure user assets and holds international security certifications, including ISO 27001:2013 and ISO 27017:2015.

Providing competitive Staking rewards

Bittime offers high APY rewards through its Staking feature, which allows users to easily earn substantial passive income by staking various crypto assets based on the POS blockchain consensus mechanism. For example, XPL has an APY of 8%. 

FAQ

What is XPL staking?

Staking Plasma (XPL) is the process of locking Plasma (XPL) assets to earn a return (APY) within a certain period.

What is the APY for staking Plasma (XPL) on Bittime?

Plasma (XPL) APY on Bittime can reach up to 8%.

Is staking on Bittime safe?

Yes. Bittime is regulated by BAPPEBTI and Kominfo, and uses MPC encryption and ISO certification for data security.

Is there a minimum staking?

The minimum staking amount follows the terms and conditions in the Bittime app and can be seen directly when selecting the Plasma (XPL) asset.

Can I make a withdrawal before the staking period is over?

Yes. You can use the Early Redeem feature to withdraw assets early.