$CORE Network
How to stake Coreum on StrataOne using Leap wallet
About
Coreum is a blockchain that uses smart-contracts and proof-of-stake to support decentralized applications and DeFi. It is an open-source project that is community-based, allowing for future growth in the blockchain ecosystem. The $CORE token is a token issued on the Coreum chain, wrapped around smart contracts. These tokens are customizable, lightweight, flexible, and faster than smart contracts. With the Leap wallet, you can stake your $CORE with StrataOne and earn staking rewards. Here is a detailed guide to help you through the process.
How do i get Started?
To get started with Coreum, you can follow the steps below:
Visit the Coreum website to learn more about the blockchain and its features.
If you’re interested in buying $CORE tokens, you can refer to this guide to get started.
Once you have $CORE tokens, you can stake them with StrataOne and earn staking rewards. Here is a detailed guide to help you through the process.
How to Buy Coreum (COREUM) Step-by-Step Guide
Buying cryptocurrencies can seem daunting at first, especially for those who are new to the world of digital assets. However, with the right knowledge and tools, buying Coreum is a very straightforward process that includes choosing a crypto exchange, creating an account, verifying it, adding funds, and making a purchase. Some popular platforms for buying Coreum include gate.io and MEXC.
Decide where to buy Coreum
You can buy Coreum on several cryptocurrency exchanges, including gate.io and MEXC.
When deciding which exchange to use, it’s important to check if the exchange accepts customers from your country. In addition, some exchanges are more suitable for users that want to buy and hold, while others cater to active crypto traders. It’s also important to check if the exchange offers all the trading features you might need. Some traders just stick to spot markets, while others also use margin trading and futures. The bottom line is that what constitutes the best exchange hinges on your particular set of needs. With that in mind, let’s look at some of the best crypto exchanges in the market.
Buy Coreum in 4 Steps
Step 1: Create an account on a crypto exchange of your choice(Leap Wallet)
Step 2: Make a deposit or buy Coreum with a credit or debit card
Step 3: Go to the trading page and find the relevant crypto trading pair
Step 4: Make a buy order for Coreum
The process of buying Coreum is very similar between various crypto exchanges, so you can follow the steps outlined below whether you’re using gate.io or virtually any other crypto exchange.
Where to store Coreum (Leap Wallet)
Cryptocurrency exchanges allow users to store their crypto and, in some cases, even allow them to use yield generating products to earn passive income with deposited crypto. However, storing crypto on an exchange is not recommended, as funds can be lost in the event that the exchange goes bankrupt (FTX is a prominent example of an exchange that went bankrupt after misusing user funds) or is hacked.
The best way to store your crypto securely is by using cryptocurrency wallets. They fall into two categories – software wallets (also called hot wallets or digital wallets), which are connected to the internet and are thus less secure, and crypto hardware wallets (also called cold wallets), which allow investors to store their crypto keys in a secure and offline manner.
HOW TO STAKE COREUM USING LEAP WALLET ON STRATAONE (Mobile view)
Log in to your Leap wallet.
Choose Coreum Mainnet and switch to Coreum.
You can check your $CORE balance, then click Stake to continue.
On the Stake CORE page, click Stake.
On Choose a Validator, search for STRATA ONE as your validator from the list of available validators and click on it.
Input the number of your tokens to delegate and click Review, then click Stake CORE to complete the delegation.
How to sell Coreum
Selling Coreum is actually very similar to the process of buying it – you need to decide on whether to use a limit or market order to do so (you can check the difference between the two in the “Place your Coreum order” section above) and select the trading pair you want to use.
Keep in mind that there may be fees associated with selling cryptocurrencies, such as transaction fees and exchange fees. Make sure to check the fee structure of the exchange you choose before selling your cryptocurrency.
After selling crypto you can decide to withdraw fiat from the exchange to your bank account (if you used crypto-to-fiat pair) or withdraw crypto to an external crypto wallet (if you used a crypto-to-crypto pair).
You can also transfer cryptocurrency between exchanges, which can be beneficial if you are looking for additional features or a more competitive fee structure. The process of transferring crypto between Binance and Kucoin, or any other combination of exchanges is very straightforward.
written by: Thompson (creator StrataOne)
Last updated
