Introduction
Staking Internet Computer can be a great option for those who want to hold ICP 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 Internet Computer (ICP) tokens
In order to stake Internet Computer, you need to have it. To obtain Internet Computer, you'll need to purchase it. You can choose from these popular exchanges.
- 2
Choose a Internet Computer wallet
Once you have ICP, you’ll need to choose a Internet Computer wallet to store your tokens. Here are some good options.
- 3
Delegate your ICP
We recommend using a staking pool when staking ICP. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their ICP, 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 Internet Computer network. You’ll be rewarded with ICP 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
Internet Computer (ICP) is currently priced at $13.59, with a 24-hour trading volume of $200.37M. In the last 24 hours, Internet Computer has seen an increase to 2.67. The market cap of Internet Computer stands at $6.05B, with 463.33M in circulation. For those looking to buy or trade Internet Computer, reputable platforms like OKX, Binance, Kraken, YouHodler, Coinbase and Crypto.com offer avenues to do so securely and efficiently.
- Market cap
- $6.05B
- Volume
- $200.37M
- Circulating supply
- $463.33M
