Introduction
Staking Avalanche can be a great option for those who want to hold AVAX 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.
Step-by-step
- 1
Obtain Avalanche (AVAX) tokens
In order to stake Avalanche, you need to have it. To obtain Avalanche, you'll need to purchase it. You can choose from these popular exchanges.
- 2
Choose a Avalanche wallet
Once you have AVAX, you’ll need to choose a Avalanche wallet to store your tokens. Here are some good options.
- 3
Delegate your AVAX
We recommend using a staking pool when staking AVAX. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their AVAX, which gives them a higher chance of validating transactions and earning rewards. You can do this through your wallet’s interface.
- 4
Start validating
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 Avalanche network. You’ll be rewarded with AVAX for these validations.
What to be aware of
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.
Latest movements
Avalanche (AVAX) is currently priced at $36.8, with a 24-hour trading volume of $623.56M. In the last 24 hours, Avalanche has experienced a decrease to -0.94. The market cap of Avalanche stands at $14.14B, with 380.54M in circulation. For those looking to buy or trade Avalanche, reputable platforms like OKX, Binance, BTSE, Kraken, YouHodler and EarnPark offer avenues to do so securely and efficiently.
- Market cap
- $14.14B
- Volume
- $623.56M
- Circulating supply
- $380.54M
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