Cryptocurrencies

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How to get STX coins? One article explains all the ways to get STX coins

To acquire STX coins, individuals can purchase them on cryptocurrency exchanges, participate in Bitcoin mining and convert BTC rewards, stake with staking providers, claim stacking rewards, join liquidity pools, utilize passive income apps, or receive them as payment or gifts.

Oct 02, 2024 at 03:47 pm

How to Get STX Coins

Stacks (STX) is a layer-1 blockchain that brings smart contracts and decentralized applications (dApps) to Bitcoin (BTC). STX tokens are the native cryptocurrency of the Stacks blockchain, used to pay for transactions, smart contract execution, and network fees. Here are the primary ways to acquire STX coins:

Purchase on Cryptocurrency Exchanges:
- Register on cryptocurrency exchanges like Binance, Coinbase Pro, or Kraken.
- Deposit funds into your account and follow the exchange's instructions to buy STX using USDT, BTC, or other supported currencies.
Through Bitcoin Mining:
- Participate in Bitcoin mining and earn block rewards in the form of BTC.
- Use a third-party service like Luxor Technologies or Braiins OS+ to convert your BTC rewards into STX tokens.
Stake with Stacking Providers:
- Stake your STX tokens with third-party staking providers like Blockdaemon, Figment, or NiceHash.
- Earn rewards for locking your tokens and contributing to the network's security.
Claim through Stacking Rewards:
- If you own BTC and have stacked (held) it in a qualifying wallet, you may be eligible for STX airdrops or stacking rewards.
- Visit the Stacks website to check your eligibility and claim your rewards.
Participate in Liquidity Pools:
- Provide liquidity by depositing STX and other assets into decentralized liquidity pools on Uniswap or Sushiswap.
- Earn rewards for providing liquidity and facilitating token exchange.
Earn through Passive Income Apps:
- Use mobile apps like Honeygain or Rollercoin that reward users for sharing their internet bandwidth or completing tasks.
- Convert the earned rewards into STX tokens.
Receive as Payment or Gifts:
- If you offer services or products related to blockchain, you may receive STX coins as payment.
- Additionally, you can receive STX tokens as gifts or donations.

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