Safcoin Crypto Staking Q's and A's

By admin• March 10, 2022
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Staking is a simple and effective way to make money on cryptocurrency without resorting to technical analysis and delving into the intricacies of trading. In short, it is used to receive passive income from holding cryptocurrency on the POS blockchain.

1. What is Staking?

Staking is a tool that allows you to make a profit for holding funds on one of the available plans. The plans have different interest rates, staking times, and the min. and max. holding amounts. It is safe, convenient, and profitable.

2. How to start a plan?

How much will I get?

After buying or depositing the amount of crypto you want to Stake, you will be able to choose your plan period. When you choose the plan, you will receive your activation certificate. Sit back. Relax and get your Plan Roi % paid into your wallet after the Staking period.

We have 3 fixed Staking options:
1 Month earn 1%
6 Months earn 8%
12 Months earn 20%
Min to start: R5000

Example of a 12 month plan:
Suppose that on March 2022, you deposited 1 Eth at a price of $2700. The plan will close on March 2023, and you will receive your 1 ETH + the 20% interest, amounting to 1.2 ETH in general. The asset price during this time may rise and amount to, say, $5000. Accordingly, in the end, your balance may equal $6000

With USDT price is pegged 1:1 with USD example $10000 will give you $12000
Want to know more or get started?
Please email us on info@safcoin.co.za and we will gladly assist.

4. How are the payments secured, and where are the guarantees that I will receive something?

Our work is based on compliance with all rules. We store 96% of the digital assets on cold wallets and use WAF to detect and block hacker attacks, so your funds are safe in our wallet. Moreover, we created a complex system of security control, monitoring, and incident prevention. Also, we have successfully passed a range of the cybersecurity and penetration testing cases provided by third parties.

5. How to make a deposit?

First, you need to make a deposit to your Wallet. You can use both fiat and cryptocurrency. Please note that when replenishing the Balance with fiat funds, you must pass KYC (Know your customer) registrations by verifying your ID and address proof.
Deposit methods: transferring crypto from another wallet to your SAF wallet (cryptocurrency),
using a credit card, using payment systems, and Bank EFT (S.A only) (fiat).
Contact info@safcoin.co.za for Deposit steps and details.

6. What kinds of plan periods are there?

Currently, there are periods for 1, 6, and 12 months. The interest rates are different for each period. It will be more profitable to use the Staking for a longer period.

7. Can I prolong a plan?

No. After the end of the plan period, you will receive your funds + the interest, and then. After that, you can open the plan again if you wish.

8. Can I start more than one plan on the same asset simultaneously?

You can, but the plan periods must differ. For example, you won’t be able to open two ETH 6 Month plans. It is possible only if one plan is for 6 months and the other is for 12 months.

9. Can I restock the active plan?

Unfortunately no. But you can easily open another one for the same coin, but for a different period. Or for a different coin.

10. How to close a plan?

The plan closes automatically at the end of the period, but you can un-Stake it manually ahead of the closing schedule.
Should you close before period ends, please note that only the original invested amount will be returned to your Balance and not the interests.

Please email info@safcoin.co.za from your account email to have your Staking period closed before auto ending.

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