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CYRPTO_HELPER

How to Purchase (and stake) Ark!

Jun 3rd, 2017
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  3. --------------------| A Step-by-Step Guild on How to Purchase (and stake) Ark! |--------------------
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  5.  
  6. Part A) The acquisition of Bitcoin:
  7. 1. Sign Up for a 'Coinbase' account using this affiliate link, or another: http://www.coinbase.com/join/58d1f948c421012ae94c903d
  8. 2. Navigate to the 'Buy/Sell' page, Enter the amount of Btc you would like to purchase.
  9. 3. Navigate to the 'Dashboard', You should now see your Bitcoin in your Coinbase account.
  10.  
  11.  
  12. Part B) Sending Bitcoin to an Exchange:
  13. 1. Sign Up for a 'Bittrex' account: https://bittrex.com/account/Register
  14. 2. Navigate to the 'Wallets' page, select the Deposit symbol '+' on the same row as 'BTC'.
  15. 3. Copy the 'Deposit Address'.
  16. 4. Navigate to the 'Send/Request' page on Coinbase, Paste your Bittrex'Deposit Address' in the Recipient field.
  17. Note: It is recommended to send a small amount from your Coinbase balance to the exchange as a test before sending a larger sum.
  18. 5. Enter the amount of Btc you would like to send, then click send (no note is required).
  19. 6. Navigate to the 'Wallets' page on Bittrex, your Btc should arrive shortly.
  20. Note: It can take as long as 30mins for the transfer to complete.
  21.  
  22.  
  23. Part C) Buying Ark from an Exchange:
  24. 1. Navigate to the 'Crypto Market' icon in the header, search 'Ark'.
  25. 2. Enter the amount of Ark you would like to purchase, and for what price (Btc) per unit.
  26. 3. Click 'Buy' to confirm your bid, assuming your bid is reasonable, it should go through in moments.
  27. 4. Navigate to the Wallets page, your Ark should appear here shortly if your purchase was successful.
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  29.  
  30. Part D) Creating/Configuring your Ark Wallet.
  31. 1. Download your wallet here: https://github.com/ArkEcosystem/ark-desktop/releases
  32. 2. Run the program, create a new address (DO NOT LOSE YOUR PASSPHRASE, and for god sake store it safely; it is nearly impossible to recover and your funds will be locked out if you do).
  33. 3. Copy your wallet address by clicking on it, navigate to the Bittrex wallets page.
  34. 4. Click the '-' symbol and enter your wallet's address in the withdrawal field.
  35. 5. A withdrawal confirmation email would have been sent, you need to click the confirm link to process the transaction.
  36. 6. Your Ark should arrive in your wallet seconds.
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  38.  
  39. Part E) Voting for a Delegate (Staking):
  40. - Navigate to this link: https://explorer.ark.io/delegateMonitor
  41. - Here you can view the top 51 Delegates actively staking rewards, once you cast a vote, you will automatically start receiving staking rewards. Here's how to do that.
  42. 1. Select a top providing delegate with a good payout ratio >80%; copy the delegates name e.g. 'doom'
  43. 3. Open your Wallet, click on your address, and navigate to the Vote tab. Paste in your delegates name; to cast your vote you must send 1 Ark to their address through the voting page.
  44. 4. Confirm your vote by attempting to cast a second vote to the same delegate, it should read: 'No difference from original delegate list'
  45.  
  46.  
  47. Congratulations!
  48.  
  49. Your Wallet is now set up and you are automatically receiving staking rewards!
  50. Note: You do not need to have your wallet open or computer on receive rewards.
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