Introduction
Staking Flow can be a great option for those who want to hold FLOW 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 Flow (FLOW) tokens
In order to stake Flow, you need to have it. To obtain Flow, you'll need to purchase it. You can choose from these popular exchanges.
- 2
Choose a Flow wallet
Once you have FLOW, you’ll need to choose a Flow wallet to store your tokens. Here are some good options.
- 3
Delegate your FLOW
We recommend using a staking pool when staking FLOW. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their FLOW, 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 Flow network. You’ll be rewarded with FLOW 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
Flow (FLOW) is currently priced at $0.6683, with a 24-hour trading volume of $43.73M. In the last 24 hours, Flow has experienced a decrease to -1.09. The market cap of Flow stands at $962.97M, with 1.51B in circulation. For those looking to buy or trade Flow, reputable platforms like Uphold, Kraken, Binance, OKX, Coinbase and Bitmart offer avenues to do so securely and efficiently.
- Market cap
- $962.97M
- Volume
- $43.73M
- Circulating supply
- $1.51B
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