When you are leasing out or taking back your coins from a staking node, it costs the same as a standard transaction. For a standard transaction, the fee is 0.001 WAVES and when you are using the exchange it costs 0.003 WAVES.
Regarding transaction fee management, there is no such thing with WAVE, as the fees are fixed. It is always a good idea to know what fees you will need to pay for every activity on the Waves network, especially if you are an avid trader.
Additionally, you will be able to withdraw them at any time you want without any repercussions. The node will not have any authority over your funds and will not be able to move or spend them. Alternatively, Waves supports Leased Proof of Stake (LPoS) consensus as well, which lets you lease your WAVE coins to a staking node host without losing control over your currency. The first method for staking is setting up your own staking node, which is the more difficult option, as you will need at least 1000 WAVES and go through the setup process yourself. The Waves network uses the Proof of Stake consensus mechanism thus you can actually stake your WAVE currency with the official wallets. Below you can find these features explained along with examples. If you are one of those users and want to hold WAVES with one of the supporting wallets, you will not be disappointed. Maybe the most sought-after features for any wallet are related to its security and privacy. Security and Privacyĭue to the nature of cryptocurrencies being a digital asset, they are always prone to malicious activities and hacking. Both of these features provide a high level of security and privacy and perfect for people that are valuing safety above all. Other wallets that are not the official ones, like Ledger Nano S and Guarda, provide other features like being Hierarchical Deterministic and access to the source code, a.k.a being Open-Source. Fiat money support is also present with the exchange platforms, giving you even more flexibility if you are an avid trader. For example, all official wallets have a built-in exchange, where you can directly trade your WAVE coins for other crypto assets like Bitcoin, Ethereum and others. With such a wide plethora of wallets to choose from, there are some features that they share between themselves. If you are an active person that is constantly on the move, then maybe a mobile wallet will be a great choice. Think about how often you will be using the wallet and in what way. Here is a tip from me when deciding on which wallet to choose. As you can see, there are more than a few choices of wallets for Waves and offer a lot of different features and functionality that I am sure will fit the tastes of most users.
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