Introduction
Staking Dash can be a great option for those who want to hold DASH 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 Dash (DASH) tokens
In order to stake Dash, you need to have it. To obtain Dash, you'll need to purchase it. You can choose from these popular exchanges.
- 2
Choose a Dash wallet
Once you have DASH, you’ll need to choose a Dash wallet to store your tokens. Here are some good options.
- 3
Delegate your DASH
We recommend using a staking pool when staking DASH. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their DASH, 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 Dash network. You’ll be rewarded with DASH 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
Dash (DASH) is currently priced at $29.16, with a 24-hour trading volume of $24.03M. In the last 24 hours, Dash has experienced a decrease to -0.24. The market cap of Dash stands at $344.11M, with 11.78M in circulation. For those looking to buy or trade Dash, reputable platforms like Binance, Kraken, YouHodler and Coinbase offer avenues to do so securely and efficiently.
- Market cap
- $344.11M
- Volume
- $24.03M
- Circulating supply
- $11.78M
