Research Cryptocurrency Before Investing
The first thing I do is go to masternodes.online and look at the top 50 coins listed. This website is completely focused on master node coins. Here are the things I look for in a coin; ROI (return on investment) under 365 days, high volume on exchanges, 500+ masternodes online, and the coin developers have a use case for it right now or making progress on their roadmap to a future use case. Does not matter if its a product, service, or something businesses can benefit from. Also, is the coin listed on any of the shared masternode services that I use? If so, is it on any of the exchanges I trust?
Side note: I would join in on a master node for a coin with less than 500 masternodes online if I got the coins for free from a faucet, airdrop, or giveaway.
Staking Pools & Shared Master Node Services
Once you have done this for at least 5 coins that pass the research test. Its time to log into the shared masternode services to see how many coins it would take to get the right amount of slots in the master node. Each service that I use have their own way of doing things. So I always have to make sure I right about my math when buying the coins I need.
I will say this, you know how much you have to invest in each coin that you researched. Signup to the services, see which one would fit you best or use more than one. Its all up to you. However, I will still give a little advice on each of the services to help you decide on using just one or all of them.
Simple POS Pool offers staking pool and shared master node service. Great for small to big investors. Master node slots are 0.1% to 1% of the masternode depending on the coin. Staking pool reward fees are 3% and shared master node reward fees are 5%. I would say has the best support staff out of all the services I use.
Staking Lab offers a staking pool, shared master node service, as well as a instant node service. Staking pool fees are reward 3% and 0.1% to withdraw out of the pool. Shared master nodes reward fee is 5%. Instant node reward fees are 7.5%, deposit fee is 3%, and withdraw fee is 0.1%. The unique thing about this service is 1 coin is the minimum for its nodes. Quick way to reinvest to build your passive income.
Stakecube offers a facuet, bounties, airdrops, lottery, staking pool, and shared master node service as well as have its own coin. This one is great for small to big investors as well as those with no crypto at all. This is where you should begin. Master node slots are 1% of the masternode. Staking pool and shared master node reward fees are 3%. 1% goes back into the community via airdrops and lottery.
Crypto Exchanges To Buy Master Node Coins
You might say this is the easy part of it all right? Well you half right. When the coin you want is listed on an exchange you trust then its a straightforward process. When the coin is only listed on an exchange you do not trust, tons of people complain about the exchange then things get interesting. Start asking yourself is it worth the risk? Should I risk my funds or pick another crypto?
If you read that and still not afraid then lets get to making some money. Below, I am going to only list the exchanges I personally use since there are far too many exchanges out there. So this list will be kept short.