Secret

How to stake
Secret SCRT

Earn up to 24.53% APY

See all staking platforms

What you'll learn

  1. 1

    How to stake Secret

    An in-depth guide on the best way to stake SCRT.

  2. 2

    Statistics about Secret staking.

    We have a lot of data on staking Secret and we share some of this with you.

  3. 3

    Other coins you can stake.

    We show you some staking options with other coins that could be of interest.

Introduction

Staking Secret is a great way to earn passive income while contributing to a blockchain network. If you're sitting on idle SCRT, 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.

Step-by-step

  1. 1

    Buy Secret (SCRT) tokens

    In order to stake Secret, you need to have it. To obtain Secret, you'll need to purchase it. You can choose from these popular exchanges.

  2. 2

    Select a Secret wallet

    Once you have SCRT, you'll need to choose a Secret wallet to store your tokens. Ledger is a popular option.

  3. 3

    Stake your SCRT

    Staking pools are a great option when staking SCRT. It's easier and faster to get up-and-running. A staking pool is a group of validators who combine their SCRT, which gives them a higher chance of validating transactions and earning rewards. You can do this through your wallet's interface.

  4. 4

    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 Secret network. You'll be rewarded with SCRT 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.

Custodial staking

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 SCRT into your custodial wallet and it will automatically start earning rewards. Some platforms will require a minimum amount of time to stake your SCRT tokens, while others are completely flexible.

See best
SCRT staking platforms

Get crypto smart in 5 minutes

Join readers from Coinbase, a16z, Binance, Uniswap, Sequoia and more for the latest staking rewards, tips, insights and news.

No spam, unsubscribe anytime. Read our Privacy Policy.

© 2023 Bitcompare

Bitcompare.net is a trading name of Tokentalk Ltd. Registered in England No. 11332964 Registered Office: Unit 3 Mitcham Industrial Estate, 85 Streatham Road, Mitcham, United Kingdom, CR4 2AP.

Advertiser disclosure: Bitcompare is a comparison engine that relies on advertising for funding. The business opportunities that can be found on this site are offered by companies with which Bitcompare has made deals. This relationship may affect the way and where products appear on the site, such as in what order they are listed in categories. Information about products may also be placed based on other factors, such as the ranking algorithms on our website. Bitcompare does not look at or list all companies or products on the market.

Editorial disclosure: The editorial content on Bitcompare is not provided by any of the companies mentioned, and has not been reviewed, approved, or otherwise endorsed by any of these entities. The opinions expressed here are the author’s alone. Additionally, the opinions expressed by the commenters do not necessarily reflect those of Bitcompare or its staff. When you leave a comment on this site, it will not show up until a Bitcompare administrator approves it.

Warning: The price of digital assets can be volatile. The value of your investment can go down or up, and you may not get back the amount invested. You are the only one who is responsible for the money you invest, and Bitcompare is not responsible for any losses you might have. Any APR shown is a rough estimate of how much cryptocurrency you will earn in rewards over the time period you choose. It does not display the actual or predicted returns or yields in any fiat currency. The APR is adjusted daily, and the estimated rewards may differ from the actual rewards generated. The information on this page is not meant to be a sign from Bitcompare that the information is correct or reliable. Before making any investment, you should carefully consider your investment experience, financial situation, investment objectives, and risk tolerance, and consult with an independent financial advisor. Links to third-party sites are not under the control of Bitcompare, and we are not responsible for the reliability or accuracy of such sites or their contents. For more information, see the Terms of Service for Bitcompare and our Risk Warning.