Introduction
Staking Mina Protocol can be a great option for those who want to hold MINA 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 Mina Protocol (MINA) tokens
In order to stake Mina Protocol, you need to have it. To obtain Mina Protocol, you'll need to purchase it. You can choose from these popular exchanges.
- 2
Choose a Mina Protocol wallet
Once you have MINA, you’ll need to choose a Mina Protocol wallet to store your tokens. Here are some good options.
- 3
Delegate your MINA
We recommend using a staking pool when staking MINA. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their MINA, 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 Mina Protocol network. You’ll be rewarded with MINA 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
Mina Protocol (MINA) is currently priced at $0.8195, with a 24-hour trading volume of $13.91M. In the last 24 hours, Mina Protocol has experienced a decrease to -3.79. The market cap of Mina Protocol stands at $933.12M, with 1.10B in circulation. For those looking to buy or trade Mina Protocol, reputable platforms like OKX, Binance, Kraken, Coinbase and Crypto.com offer avenues to do so securely and efficiently.
- Market cap
- $933.12M
- Volume
- $13.91M
- Circulating supply
- $1.10B
