If you're new to the world of shared masternodes, Crypos.io makes it easy to participate in this exciting investment opportunity. In this guide, we'll walk you step-by-step through the process of getting started with shared masternodes on Crypos.io.
Step 1: Activate Two-Factor Authentication
Before taking advantage of the shared masternodes service, you must first activate Two-Factor Authentication (2FA) on your Crypos.io account. This added security measure ensures the safety of your account and enables you to use all services on the platform without limitations. Learn how to activate 2FA with this guide:
Step 2: Transfer Coins to Your Deposit Address
To participate in shared masternodes, transfer your desired cryptocurrency to your deposit address on Crypos.io. You can find your deposit address on both the website's Main and Shared Masternodes pages.
Step 3: Buy a Share in a Shared Masternode
Click the "Buy Share" button to open a pop-up window. If this is your first time depositing any of the available coins, you'll need to provide a Payout address. You'll receive your rewards and withdrawals from the platform at this address.
Avoid using exchange addresses as your payment address on Crypos.io, as frequent deposits may be mistaken for "mining" by some exchanges, potentially resulting in a banned account. Instead, use a personal Desktop wallet.
Step 4: Generate a Deposit Address and Set Reward Reinvestment Options
Once you have set up your payout address, you have two easy ways to add coins to your Crypos account.
1. Buy Coins Directly on Crypos: This is a simple way to get coins. You don't need to move them from other places like your personal wallet or exchange. For steps on how to buy directly, see our article: Buying Coins on Crypos.
2. Deposit Coins from Outside: You can also add coins from somewhere else, like your wallet or an exchange. For this purpose, the system will generate a deposit address for you. This address is crucial for ensuring that your coins are accurately credited to your account. Remember, coins sent to the wrong address will be lost forever.
With both options, you can turn on the Reward Reinvestment feature. This lets you automatically put a part of what you earn back into your account, which could increase your earnings over time.
Remember: The deposit address for adding coins from outside sources can change. Always double-check the latest address in your account before you send coins to avoid losing them.
Step 5: Wait for Deposit Crediting
Depending on the system's workload, deposit crediting typically takes 10 to 60 minutes. Once your deposit is credited, you can view it on the Transaction History page.
Step 6: Automatic Distribution of Coins
After your deposit is credited, the system will automatically distribute your coins across the available shared masternodes. This process requires no further action from you. Subsequently, a new card representing your deposited coin will appear on the My Masternodes page. This card serves as a dashboard for your investment, displaying crucial information such as the masternode's ROI, your total coin stake, and the number of coins in shares. It also provides quick access to detailed statistics and actions related to your investment.
After the allocation of your coins to shared masternodes, you can click on the 'Details' button corresponding to each masternode card on the 'My Masternodes' page. This will take you to the 'Details' page, which provides an in-depth overview of your masternode investment.
On this page, you will find a comprehensive breakdown of your masternode's performance, including:
The total coins you have invested in the masternode.
The real-time value of these coins in USD.
Detailed statistics on your 24-hour revenue and overall revenue.
The actual Return on Investment (ROI) percentage.
A graph depicting the daily revenue, offering a visual understanding of earnings over time.
Information on the masternode's status, wallet address, and the time elapsed since the last payment.
The projected time until the next reward payout.
Furthermore, this page allows you to manage your reinvestment settings, enabling you to automatically reinvest the rewards you receive, thus compounding your earnings potential. It also shows the total coins awaiting allocation, indicating how many more coins are needed for the next masternode to be fully operational.
Conclusion
With this step-by-step guide, you can easily start investing in shared masternodes on Crypos.io. This innovative platform offers a user-friendly way for newbies and small-scale investors to participate in the masternode ecosystem and diversify their cryptocurrency investments.