Introduction
Staking Qtum can be a great option for those who want to hold QTUM 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 Qtum (QTUM) tokens
In order to stake Qtum, you need to have it. To obtain Qtum, you'll need to purchase it. You can choose from these popular exchanges.
- 2
Choose a Qtum wallet
Once you have QTUM, you’ll need to choose a Qtum wallet to store your tokens. Here are some good options.
- 3
Delegate your QTUM
We recommend using a staking pool when staking QTUM. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their QTUM, 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 Qtum network. You’ll be rewarded with QTUM 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
Qtum (QTUM) is currently priced at $3.53, with a 24-hour trading volume of $17.66M. In the last 24 hours, Qtum has experienced a decrease to -1.83. The market cap of Qtum stands at $378.99M, with 105.14M in circulation. For those looking to buy or trade Qtum, reputable platforms like Binance and Crypto.com offer avenues to do so securely and efficiently.
- Market cap
- $378.99M
- Volume
- $17.66M
- Circulating supply
- $105.14M
