Dukascash
Dukascoin Dukascash
Dukascash
Dukascoin Dukascash

Two storage options are available for the Coin reward staking programs offered by Dukascopy:

  1. Storage with the Bank - the stake is stored on the blockchain addresses of the Bank and accessible to the client through his MCA account.
  2. Storage on personal wallet – the stake is stored on the personal blockchain address of the client.

Clients opting for the 2nd storage option may benefit from higher reward rates, but they need to meet the following criteria:

  • Have an active reward staking program(s) for a total amount of at least 5,000 DUK+.
  • Have a personal Ethereum blockchain wallet supporting the ERC20 standard.
  • Be able to execute the “Sign message” action with their blockchain wallet.

In order to apply for the storage of a staking program on the personal blockchain wallet of the client, he needs to have existing staking program(s) for an amount of at least 5,000 DUK+ stored with the Bank. He may then request to move this existing staking program(s) to his personal blockchain address by following the steps below:

  1. Declare his personal Ethereum blockchain wallet address and verify it by passing through the Sign message procedure.
    Note that in order to be able to store Dukascoins this should be a wallet that supports ERC20 Ethereum token standard and the client should be in control of the wallet’s private key.
  2. Declaring a blockchain address is not necessary if the client has already done this previously, while getting access to other blockchain operations with Dukascopy. Note, however, that in this case the DUK+ stake will also be moved to that previously declared address.
  3. Contact Dukascopy Support Team via support chat and apply for the option to move the Dukascoin staking program to the personal blockchain wallet.
  4. Send an email instruction to the Dukascopy Support Team/Account Manager to move the reward stakes to the personal blockchain address. The instruction should contain:
    1. The ID of the stake(s) to be moved.
    2. The DUK+ amount of the stake(s) to be moved.

If the client has not declared his Ethereum blockchain wallet address to Dukascopy previously, here is the path to follow:

  1. Log in to your MCA account through the Dukascopy Connect 911 mobile app or through the web interface.
  2. Go to the "Dukascoins" menu section and select any of the 2 actions:
    1. Deposit from blockchain
    2. Withdrawal to blockchain
  3. Click “Continue” and follow the instructions of the declaration form. See the dedicated webpage to find more details on the “Sign message” procedure that has to be passed to finalize the declaration of the personal blockchain address.
Note that there is no need to continue with the “Deposit from blockchain” or “Withdrawal to blockchain” operations. These actions are started only to declare the personal blockchain wallet address of the client at the 1st step.

Even if the client does not have an existing personal Ethereum blockchain wallet to store his DUK+ reward staking program(s), it may be created at any time.

Any type of wallet is a combination of your private key and the public address.

There are multiple options of wallets on the market that, based on how and where the private key is stored, can be classified into several groups, the most widespread being:

  • Hardware wallets
  • Desktop wallets
  • Mobile wallets
  • Web wallets

Except for the price of the hardware device itself that the client will need to purchase if he decides to use a hardware wallet, as a general rule, all of these wallets are free-of-charge services.

Although one may find an abundance of detailed materials on the internet on every type of wallet, we are providing here on one particular example, keeping in mind its user-friendliness/security combination and the support of the "Sign message" functionality – MyEtherWallet (MEW).

This is an example of a Mobile wallet that allows you accessing your wallet via a web interface or via the mobile app, while always using your phone as part of the security authentication process.

Follow the link to create a new wallet and follow the instructions appearing. Once done, return to the previous section to Declare your newly created Ethereum wallet address to Dukascopy.

The MEW wallet is provided for illustrative purposes only. Dukascopy Bank has no relation to the mentioned service provider and does not bear any responsibility over the service provided by MEW.
In all cases the ultimate selection of the blockchain wallet is the sole responsibility of the client and has to be diligently approached based on client’s personal evaluations, preferences and priorities.