Introduction
Staking Ravencoin can be a great option for those who want to hold RVN 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 Ravencoin (RVN) tokens
In order to stake Ravencoin, you need to have it. To obtain Ravencoin, you'll need to purchase it. You can choose from these popular exchanges.
- 2
Choose a Ravencoin wallet
Once you have RVN, you’ll need to choose a Ravencoin wallet to store your tokens. Here are some good options.
- 3
Delegate your RVN
We recommend using a staking pool when staking RVN. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their RVN, 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 Ravencoin network. You’ll be rewarded with RVN 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
Ravencoin (RVN) is currently priced at $0.03, with a 24-hour trading volume of $39.54M. In the last 24 hours, Ravencoin has experienced a decrease to -0.17. The market cap of Ravencoin stands at $415.43M, with 13.82B in circulation. For those looking to buy or trade Ravencoin, reputable platforms like OKX, Binance and Crypto.com offer avenues to do so securely and efficiently.
- Market cap
- $415.43M
- Volume
- $39.54M
- Circulating supply
- $13.82B
