Re: [ANN][VRC] | VeriCoin | PoS - Dynamic Interest | SMS | ANON
Can anyone put together a step by step process on how to securely place your veri in the wallet and allow them to stake with out the possibility of getting them stolen?
Sorry I'm extremely paranoid when it comes to not keeping my crytpo in a paper wallet
Sorry I'm extremely paranoid when it comes to not keeping my crytpo in a paper wallet
As soon as they hit your wallet they will start staking. It will take 8 hours or more after you open your wallet to start recieving VRC depending on how many VRC you have. The more VeriCoin you have, the faster you will recieve payment.
You can encrypt your wallet with a password. Make sure you keep that very close, if you lose it, you lose your coins.
If you encrypt your wallet, you will need to unencrypt your wallet to start getting payment. To do that you put the password in and go.
You must leave your wallet open to verify the network, thus being paid interest.
Don't know when I will get to it, but I wrote down to dedicate / organize more space on the F.A.Q. for that.
You do not need to decrypt your wallet once it is encrypted, only unlock it and then it will start to receive interest. It is only unlocked but still encrypted.