π‘Staking stablecoins on LocalTrade CEX
To stake funds you need to follow those simple steps:
Go to the Staking page on LocalTrade exchange. On this page, choose a preferred staking pool. Youβll be able to see all the details about the pool: supported token, APR, min and max stake, lock period.
![](https://docs.localtrade.cc/~gitbook/image?url=https%3A%2F%2Fmiro.medium.com%2Fmax%2F1400%2F1*_YzkcIyYbfbPs4IMcuPdyQ.png&width=768&dpr=4&quality=100&sign=1e9fe57d&sv=1)
Input the amount of funds you want to stake and click on the Add USDT or Add BUSD button.
![](https://docs.localtrade.cc/~gitbook/image?url=https%3A%2F%2Fmiro.medium.com%2Fmax%2F1400%2F1*cgtHWw3jMhyWkD6QIY2UdQ.png&width=768&dpr=4&quality=100&sign=6cfb767&sv=1)
Note: You can only stake funds from your Main balance. If you happen to have all funds on Trading balance β you can transfer them on the same page.
A confirmation message with your staking details will appear. Click on the Confirm & Stake button to finish staking.
![](https://docs.localtrade.cc/~gitbook/image?url=https%3A%2F%2Fmiro.medium.com%2Fmax%2F1400%2F1*xNWdRz9cYkijHScrhMTq_A.png&width=768&dpr=4&quality=100&sign=98219643&sv=1)
Nicely done! Youβll be able to see the rewards pouring in almost instantly.
All staking rewards are paid out in LTT on your Main Balance.
Collecting Rewards
In order to collect your rewards, press the Claim USDT button.
After collecting your rewards, go to Wallets page and transfer your LTT to the Trade balance.
Final step β go to Spot Trading in order to sell LTT tokens for USDT with a current price.
Earning without risks was never so easy!
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Frequently Asked Questions
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