Introduction

Staking Band can be a great option for those who want to hold band 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 Guide

  1. 1. Obtain Band (band) Tokens

    In order to stake Band, you need to have it. To obtain Band, you'll need to purchase it. You can choose from these popular exchanges.

    PlatformCoinPrice
    BTSEBand (band)0.22
  2. 2. Choose a Band Wallet

    Once you have band, you'll need to choose a Band wallet to store your tokens. Here are some good options.

  3. 3. Delegate Your band

    We recommend using a staking pool when staking band. It's simpler and faster to get up-and-running. A staking pool is a group of validators who combine their band, which gives them a higher chance of validating transactions and earning rewards. You can do this through your wallet's interface.

  4. 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 Band network. You'll be rewarded with band 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.

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Latest Movements

Market cap
$38.46M
24h volume
$4.3M
Circulating supply
172.56M band
See latest information

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Earn High Yields on Your Crypto with Nexo