Frequently Asked Questions
If you have additional questions, please contact us at
What is mystratis?
mystratis is the first webwallet for Stratis, allowing you to easily store your funds in a secure place without the need to install any software or downloading the blockchain. We also include a staking feature so users can generate profit on their STRAT holdings.
Why choose mystratis?
In addition to the convenience of a web wallet, mystratis also values your privacy. mystratis does not require ID verification to create an account, and no personal data or email addresses are stored for login purposes. All you need is your secure and anonymous login phrase. mystratis also offers you the option to stake coins, allowing you to generate profit 24/7 without needing to run your own node.
Are there fees?
Yes. Transaction fees cover the mining network fees and the blockchain infrastructure necessary to ensure fast and reliable transaction confirmation times. Fortunately the fees on the Stratis network are very low. These are the only fees you pay.
How are my funds secured?
All Stratis coins are stored in securely encrypted wallets. We do not store your private login phrase, so only you can access your funds.
I forgot my seed. Can you retrieve my STRAT?
Unfortunately we cannot. Since we do not store your private login phrase, we do not have access to your STRAT. This is a security measure meant to keep your funds safe from hackers or someone pretending to be you.
What is staking?
There are two concepts of mining cryptocurrency: Proof of work (PoW) and Proof of Stake (PoS). For cryptocurrencies that use PoS, miners vote according to the amount of coins they hold which transactions are valid or not. To prove the ownership of the coins, the miners have to be permanently online to "stake" their coins. Those who stake their Stratis receive a reward of about 2% of the staked coins per year. mystratis has integrated staking into the webwallet, so you don't have to be online with your computer 24/7 to stake your coins.
for more information about staking.