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An in-depth guide on the best way to stake 1INCH.
We have a lot of data on staking 1inch Network and we share some of this with you.
We show you some staking options with other coins that could be of interest.
1inch Network (1INCH) is currently priced at $0.4319, with a 24-hour trading volume of $27.07M. In the last 24 hours, 1inch Network has seen an increase to 0.96. The market cap of 1inch Network stands at $501.31M, with 1.16B in circulation. For those looking to buy or trade 1inch Network, reputable platforms like Binance, Coinbase, BTSE, YouHodler and Nexo offer avenues to do so securely and efficiently.
Staking 1inch Network can be a great option for those who want to hold 1INCH but earn yield in a safe way while contributing to the network. The steps can be a little daunting, especially the first time you do them. That’s why we’ve put this guide together for you.
In order to stake 1inch Network, you need to have it. To obtain 1inch Network, you'll need to purchase it. You can choose from these popular exchanges.
Once you have 1INCH, you’ll need to choose a 1inch Network wallet to store your tokens. Here are some good options.
We recommend using a staking pool when staking 1INCH. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their 1INCH, which gives them a higher chance of validating transactions and earning rewards. You can do this through your wallet’s interface.
You’ll need to wait for your deposit to be confirmed by your wallet. Once it’s confirmed, you’ll automatically validate transactions on the 1inch Network network. You’ll be rewarded with 1INCH for these validations.
There are transaction and staking pool fees you need to consider. There can also be a waiting period before you start earning rewards. The staking pool will need to generate blocks, and this can take some time.
