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Can I Stake AMP on TrustWallet?

February 21, 2022
< 1 minute read

Different tokens, different blockchains, one thing in common, the need of transactions validation.
While coins that use PoW (Proof-of-Work) algorithms reward miners for mining, PoS rewards miners (stakers) for staking. Beside generating income, staking will give you the right to vote on the future of the project, think of it as the board members of a company.

AMP uses a PoW consensus mechanism which allows users to stake their coins for validating transactions, and in return the stakers receive AMP tokens.

What is TrustWallet?

TrustWallet is, you guessed it, a wallet. Beside being able to hold coins securely on it, TrustWallet offers staking and acts as an exchange.
The wallet offers APRs as high as 11% a year and the website is served in 11 different languages.

Is Staking AMP possibile on TrustWallet?

TrustWallet offers staking for 12 coins as of today, unfortunately they don’t offer staking for AMP tokens.