Introduction
Staking Hedera can be a great option for those who want to hold HBAR 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 Hedera (HBAR) tokens
In order to stake Hedera, you need to have it. To obtain Hedera, you'll need to purchase it. You can choose from these popular exchanges.
- 2
Choose a Hedera wallet
Once you have HBAR, you’ll need to choose a Hedera wallet to store your tokens. Here are some good options.
- 3
Delegate your HBAR
We recommend using a staking pool when staking HBAR. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their HBAR, 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 Hedera network. You’ll be rewarded with HBAR 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
Hedera (HBAR) is currently priced at $0.0693, with a 24-hour trading volume of $52.92M. In the last 24 hours, Hedera has seen an increase to 1.31. The market cap of Hedera stands at $2.46B, with 35.75B in circulation. For those looking to buy or trade Hedera, reputable platforms like Uphold, Wirex, Binance, OKX, Coinbase and Bitmart offer avenues to do so securely and efficiently.
- Market cap
- $2.46B
- Volume
- $52.92M
- Circulating supply
- $35.75B
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