how to stake jasmy on coinbase

To participate in Coinbase's JASMY staking rewards program, create a Coinbase account, acquire JASMY tokens, and transfer them to your Coinbase Wallet, enabling you to earn rewards for staking your JASMY.

Oct 29, 2024 at 04:12 pm

How to Stake Jasmy (JASMY) on Coinbase

Step 1: Create a Coinbase Account

If you do not already have a Coinbase account, create one at coinbase.com.

Step 2: Purchase JASMY (JASMY)

Once your account is created, purchase JASMY tokens. You can do this by clicking on "Buy/Sell" and searching for JASMY.

Step 3: Transfer JASMY to Coinbase Wallet

After you have purchased JASMY, transfer the tokens to your Coinbase Wallet. This is a secure storage option for your assets.

Step 4: Stake JASMY in the Coinbase Rewards Program

Coinbase offers a rewards program that allows you to earn staking rewards on JASMY. To participate, go to the rewards page in your Coinbase account.

Step 5: Choose Your Staking Amount

Enter the number of JASMY tokens you wish to stake and the desired staking period. Coinbase offers flexible staking options, ranging from 30 to 365 days.

Step 6: Start Staking

Once you have selected your staking parameters, click on "Stake" to start the staking process. Your staked JASMY will now begin earning rewards.

Step 7: Monitor Your Rewards

You can monitor your staking rewards in the rewards section of your Coinbase account. Rewards are typically distributed daily and added to your account balance.

Earning Potential:

The estimated annual percentage yield (APY) for staking JASMY varies based on the staking period chosen. As of July 2023, the APY ranges from approximately 0.25% to 1.50%.

Note: Staking rewards are calculated daily but are not credited to your account until the end of your selected staking period.