Reddcoin(Rdd) FAQ How to start staking (minting)?

I take questions about Reddcoin. If you have any. Please feel free to ask me in the comments.

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Q:

How do I start staking my Reddcoins?

A:

  • First of all. You have to own Reddcoins. You can do that by buying them on one of the exchange sites currently trading them.

  • Next you have to download the official Reddcoin Wallet.

  • Now open the wallet and let it sync until you are at the current block. (this may take a while~4-8h)

  • After that just withdraw your balance onto your wallet by using one of the addresses under: (Files/Receiving addresses...).

  • Now encrypt your wallet by choosing a Passphrase (Settings/encrypt wallet...) and unlock it again (Settings/ unlock wallet...).

  • finally, just wait for your coins to mature (takes around 8h to do so ~500confirmations)

  • Let your wallet run 24/7 for staking. Just let your money do the work.

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