What you'll learn
How to stake IOStoken
An in-depth guide on the best way to stake IOST.
Statistics about IOStoken staking.
We have a lot of data on staking IOStoken and we share some of this with you.
Other coins you can stake.
We show you some staking options with other coins that could be of interest.
Staking IOStoken is a great way to earn passive income while contributing to a blockchain network. If you're sitting on idle IOST, it can make a lot of sense to stake it and put it to good use. Below is a guide on exactly how to do that.
How to stake IOStoken (IOST): A step-by-step guide
In order to stake IOStoken, you need to have it. To obtain IOStoken, you'll need to purchase it. You can choose from these popular exchanges.
Select a wallet
Once you have IOST, you'll need to choose a IOStoken wallet to store your tokens. Ledger is a popular option.
Stake your tokens
Staking pools are a great option when staking IOST. It's easier and faster to get up-and-running. A staking pool is a group of validators who combine their IOST, which gives them a higher chance of validating transactions and earning rewards. You can do this through your wallet's interface.
Start earning rewards
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 IOStoken network. You'll be rewarded with IOST for these validations.
Things to consider
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.
The instructions above are for decentralized, non-custodial staking. We always recommend using non-custodial staking as you're in control of your keys and it's much safer.
In case you want to use a custodial staking platform, all you need to do is deposit IOST into your custodial wallet and it will automatically start earning rewards. Some platforms will require a minimum amount of time to stake your IOST tokens, while others are completely flexible.