Bitcoin Forum

Alternate cryptocurrencies => Altcoin Discussion => Topic started by: Turbolantern on March 04, 2022, 01:17:25 AM



Title: Where can i have my paycheck direct deposited into a staking account?
Post by: Turbolantern on March 04, 2022, 01:17:25 AM
I would like to have my employer direct deposit part of my paycheck into some type of account where the money would automatically be converted to a crypto currency and immediately staked. I would like this to happen without me doing anything.

Example, let's say I want the crypto currency to be LINK. Employer direct deposits (ACH transaction) the paycheck to the account, the money is then immediately exchanged to LINK, and then it is staked.


Title: Re: Where can i have my paycheck direct deposited into a staking account?
Post by: livingfree on March 04, 2022, 01:23:35 AM
I would like to have my employer direct deposit part of my paycheck into some type of account where the money would automatically be converted to a crypto currency and immediately staked. I would like this to happen without me doing anything.

Example, let's say I want the crypto currency to be LINK. Employer direct deposits (ACH transaction) the paycheck to the account, the money is then immediately exchanged to LINK, and then it is staked.
I don't know if this is possible.

But with what I know, this isn't possible because staking needs your confirmation. So if your employer sends you your paycheck and has it converted to LINK, you still have to stake it and do something like pressing the stake button.

Anyway, AFAIK, there's no staking yet for LINK.



Title: Re: Where can i have my paycheck direct deposited into a staking account?
Post by: ryzaadit on March 04, 2022, 08:02:28 PM
Nope, I guess there is no this type of feature.

Every transaction needs action confirmation, it's already part of your security. Otherwise, the platform will get blamed while they are doing automatically transaction of their transaction. BTW, is that really hard to spend 5-10 for buying a crypto and staking them by your self?

Did you will send a paycheck everyday, I don't think this is need a feature.