Introduction
Staking Ronin can be a great option for those who want to hold RON 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 Ronin (RON) tokens
In order to stake Ronin, you need to have it. To obtain Ronin, you'll need to purchase it. You can choose from these popular exchanges.
- 2
Choose a Ronin wallet
Once you have RON, you’ll need to choose a Ronin wallet to store your tokens. Here are some good options.
- 3
Delegate your RON
We recommend using a staking pool when staking RON. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their RON, 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 Ronin network. You’ll be rewarded with RON 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
Ronin (RON) is currently priced at $2.07, with a 24-hour trading volume of $13.54M. In the last 24 hours, Ronin has experienced a decrease to -1.05. The market cap of Ronin stands at $998.66M, with 325.25M in circulation. For those looking to buy or trade Ronin, reputable platforms like Uphold, Binance, OKX, Coinbase, BingX and Bitmart offer avenues to do so securely and efficiently.
- Market cap
- $998.66M
- Volume
- $13.54M
- Circulating supply
- $325.25M
