How to Create Your Sidra Wallet and Start Earning Free Sidra Coins

Listen up, if you want to start earning some free cryptocurrency coins, you’ll want to get yourself set up with a Sidra wallet, like, yesterday. I’m talking free money here, people! Okay, it’s not exactly free money since you have to put in a teensy bit of work, but we’re talking mere minutes of effort for some sweet coinage. Just mosey on over to the Sidra website sidrabank.com, click to connect your account, and bam – you’ve got yourself a shiny new crypto wallet ready to fill up with free coins. The migration to the new Sidra mainnet is still in progress, so you’ll have to hang tight before you can start raking in the (digital) dough. But trust me, the couple minutes this takes will be well worth it once that Sidra coin starts flowing into your wallet. So quit procrastinating and go make yourself some free money! The crypto gods are smiling down upon you today.

What Is Sidra Bank and Their Cryptocurrency?

Sidra Bank is working to create a decentralized digital asset that complies with Islamic financial principles. Their goal is to provide an alternative for Muslims who want to participate in the cryptocurrency market in a Shariah-compliant way.

Sidra Bank launched a test network and mobile app in 2021 to allow users to experiment with their technology. Once testing is complete, Sidra Bank plans to launch their main network and token, the Sidra coin. The Sidra coin will be an ERC-20 token on the Ethereum blockchain.

To get started with the Sidra testnet, you’ll first need to create a Sidra wallet in their mobile app. Download the app, tap “Get Started,” and enter a username, password, and verify your email. You’ll then see your Sidra wallet address where you can receive test Sidra coins.

Next, head to the “Claim Coins” section of the app to get free test Sidra coins. These coins have no real-world value but allow you to try out the Sidra wallet and blockchain. You can send coins between users, stake your coins to earn rewards, and more.

Transactions and Staking

Transactions on the Sidra testnet take just seconds to complete and cost almost nothing in fees. You can send coins to any other Sidra wallet address. Sidra also offers staking, which allows you to earn rewards by locking up your coins for a period of time. The more you stake, the higher your potential rewards.

The Sidra testnet is still in development, so you may encounter bugs or technical issues. But by participating now, you can help improve the network and be ready for the mainnet launch. Creating a Sidra wallet and trying out the testnet is a great way to learn about this new Shariah-compliant cryptocurrency project.

How to Create Your Sidra Wallet

Sidra Bank allows you to create your own wallet to store your SIDRA tokens and start earning rewards. To get set up, head to the Sidra Bank website and click “Login with KYCport”. Connect your account and you’ll be taken to the “Create a Wallet” page. Choose between the options and continue through the migration process.

Once you’ve created your wallet, you’ll have access to your wallet dashboard. If you accidentally create more than one wallet, don’t worry – you can use any of them and it won’t cause any issues. When you’re ready, click “Claim Coins” to get your free SIDRA tokens from the testnet. These coins will be merged with the new SIDRA tokens when the mainnet launches.

To start earning rewards, make sure to validate transactions on the testnet. The rewards you earn now will be added to your wallet. Sidra Bank is currently working on calculating referral rewards as well, so stay tuned for updates on when those will be available.

While waiting for the mainnet launch, take some time to explore your new wallet. You’ll see your SIDRA token balance, any rewards you’ve earned, and options to send and receive coins or buy and sell tokens on the exchange. You can also invite friends to join and start earning referral rewards.

Once the mainnet is live, you’ll be able to use your SIDRA tokens just like any other cryptocurrency. Buy and sell goods, trade for profit, or just hold as an investment. As an early supporter of Sidra Bank, you’ll have gotten in on the ground floor of this exciting new Shariah-compliant crypto project. Enjoy your new digital assets and all the opportunities they provide!

Claiming Your Free Sidra Testnet Coins

To receive your free Sidra testnet coins, you’ll want to claim them through the Sidra app.### First, log into your Sidra wallet within the app. Once logged in, tap “Claim Coins” at the bottom of the screen. This will show your available testnet coin balance. Tap “Claim” to receive the coins.

Your testnet coins can be used to try out the Sidra platform and familiarize yourself with its features before the mainnet launch. You can send and receive testnet coins with others, stake them, and use Sidra’s decentralized exchange to trade different tokens. Think of these as “play” coins to help you learn the ropes.

When Sidra’s mainnet goes live, your testnet coins and balances will be cleared. However, the knowledge and experience you gained will allow you to hit the ground running with the real SIDRA token. Participating in the testnet is a great way for both new and experienced crypto users to support the Sidra project in its final development stages.

To check your testnet coin balance at any time, simply log into your Sidra wallet and view your wallet details. Your balance should update automatically each time you claim new coins. If you have trouble claiming your coins or notice an incorrect balance, try logging out of the Sidra app completely, then logging back in. This will refresh your data and should resolve most minor issues.

Sidra aims to create an inclusive financial ecosystem for all users. By participating in the testnet, you’re helping ensure that the Sidra platform launches smoothly and is optimized for users of all backgrounds. Your feedback and support mean the world to the Sidra team as they work to build a secure, transparent and globally-accessible financial system. So claim those testnet coins and start exploring all that Sidra has to offer!

Earning Rewards Through Validating

Claiming your Testnet Rewards

Now that Sidra Bank has completed the migration to their new mainnet, you can claim the rewards you earned from validating transactions on the testnet. Log into your Sidra Wallet and click “Claim Coins.” Your testnet Sidra rewards will be deposited into your wallet and converted to the new Sidra tokens. Once the referral program is up and running, the team will also calculate and distribute referral rewards earned during the testnet period.

Becoming a Validator

Do you want to earn even more Sidra coins? Consider becoming a validator. Validators are community members who run nodes to validate transactions on the Sidra blockchain and keep the network secure. For each block of transactions you validate, you’ll receive a block reward in Sidra coins.

To become a validator, you’ll need to stake a certain amount of Sidra and meet the minimum technical requirements to run a node. The team will release more details on the validator program once the mainnet has stabilized. Validating transactions is a great way to support the Sidra network and earn passive income.

Referring New Users

Another easy way to earn Sidra coins is by referring new users to open a Sidra Wallet. Once the referral program launches, you’ll receive a percentage of the rewards and transaction fees generated by people you refer. So start spreading the word about Sidra Bank to your friends and family. The more people you refer, the more Sidra coins you can earn through the program.

Between claiming testnet rewards, validating transactions, and referring new users, there are many opportunities to earn Sidra coins and support this innovative Islamic cryptocurrency project. Check the Sidra website and Twitter regularly for the latest updates on when these reward programs will open.

FAQs About Sidra Wallet Creation and Claiming Coins

How do I create a Sidra wallet?

To create your Sidra wallet, head to the Sidra website and click “Login with KYCport”. Connect your account to be taken to the wallet creation page. You’ll have three wallet options to choose from. Select one and follow the steps to set it up. Your wallet will be created and ready to use. Creating multiple wallets is fine, you can choose one to be your main wallet.

How do I claim testnet coins?

To claim your testnet Sidra coins, log in to your Sidra wallet. Click “Claim Coins” to see your available testnet coin balance. Enter your wallet address to have the coins deposited. Your claimed coins will be merged with the new Sidra tokens once the migration to the mainnet is complete.

When can I start using my Sidra wallet?

Sidra is currently migrating to a new mainnet. While this transition is underway, the Sidra app and wallets will not be functional. Sidra has asked users to wait until the new version is released before accessing their wallets again. Once the migration is finished, your Sidra wallet will be ready to use.

Do I have to verify my identity to use Sidra?

Yes, to create a Sidra wallet and claim coins, you need to verify your identity through the KYCport verification process. Sidra uses KYCport to comply with anti-money laundering regulations and ensure secure transactions. Verifying your identity is required to use the Sidra platform.

How do Sidra wallet referrals work?

Sidra wallets have a referral program where you can earn rewards for inviting others to join the platform. Sidra is currently working on updating their referral calculation process. Once complete, details on how referrals and rewards will work with the new Sidra tokens will be announced. Check Sidra’s official social media for the latest updates.

Conclusion

You have it, your very own Sidra wallet with free sidra coins to start you off! Now you can join the innovative Sidra Bank community and be part of this exciting new chapter in Islamic finance. Who knows where your Sidra coins will take you – opportunities abound in this futuristic world of decentralized, Shariah-compliant assets. The potential is huge, so open your mind and get ready for the ride. Sidra Bank welcomes you with open arms. Read Something Similar