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Users can now use Core Mobile to earn rewards by staking AVAX and participating in network consensus for Avalanche.
According to a press release shared exclusively with crypto.news, Core Mobile is the smartphone version of the popular Core wallet application.
Available on Google Play and the iOS App Store, Core Mobile allows users to explore blockchains including Bitcoin, Ethereum, and Avalanche. The wallet also supports decentralized finance (defi) and native asset staking.
This setup is convenient and easy, allowing users to check their staking progress on the go.
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To stake Avalanche, users must download and set up the Core Mobile wallet on their phone.
After creating an account and adding a secondary authentication method, you will need at least 25 AVAX in your wallet, plus an additional amount for network fees.
If you are funding your wallet from a centralized exchange, select the C-Chain address displayed in the Core app.
Once the deposit has been accumulated, users can begin mobile staking.
AVAX Staking with Core Mobile
When staking AVAX, it is essential to choose a wallet with a good user interface that supports the Avalanche blockchain network. Core Mobile gives you the option to stake AVAX in just a few simple steps.
First, users must select the amount of AVAX they wish to stake in the staking section of the app and then select the minimum staking period starting from 14 days. Users who want to maximize their rewards can stake for longer periods of time. During this period, they will not withdraw your staked AVAX until the lock-up period has elapsed.
Core Mobile has an automated system that selects nodes to stake on your behalf. However, users can also manually select nodes by selecting “Advanced Settings”.
After selecting their preferred staking option, users can click “Stake Now” to review a summary of their selections before completing staking. Core Mobile allows users to conveniently track their staking progress and view earned rewards within the app.
Users can get up and running with Avalanche staking in simple steps. Core Mobile puts you in control of your assets, so there is no risk of archiving.
Users may also refer to external websites for up-to-date information on expected AVAX rewards.
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