Introduction
Staking EOS can be a great option for those who want to hold EOS 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 EOS (EOS) tokens
In order to stake EOS, you need to have it. To obtain EOS, you'll need to purchase it. You can choose from these popular exchanges.
- 2
Choose a EOS wallet
Once you have EOS, you’ll need to choose a EOS wallet to store your tokens. Here are some good options.
- 3
Delegate your EOS
We recommend using a staking pool when staking EOS. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their EOS, 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 EOS network. You’ll be rewarded with EOS 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
EOS (EOS) is currently priced at $0.832, with a 24-hour trading volume of $184.49M. In the last 24 hours, EOS has seen an increase to 0.2. The market cap of EOS stands at $879.99M, with 1.12B in circulation. For those looking to buy or trade EOS, reputable platforms like OKX, Binance, BTSE, Kraken, YouHodler and EarnPark offer avenues to do so securely and efficiently.
- Market cap
- $879.99M
- Volume
- $184.49M
- Circulating supply
- $1.12B
