Introduction
Staking Secret can be a great option for those who want to hold SCRT 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 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
Choose a Secret wallet
Once you have SCRT, you’ll need to choose a Secret wallet to store your tokens. Here are some good options.
- 3
Delegate your SCRT
We recommend using a staking pool when staking SCRT. It’s simpler 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
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 Secret network. You’ll be rewarded with SCRT 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
Secret (SCRT) is currently priced at $0.2394, with a 24-hour trading volume of $2.75M. In the last 24 hours, Secret has experienced a decrease to -0.58. The market cap of Secret stands at $74.11M, with 271.36M in circulation. For those looking to buy or trade Secret, reputable platforms like Kraken, Binance, Bitmart, MEXC Global, BingX and Kucoin offer avenues to do so securely and efficiently.
- Market cap
- $74.11M
- Volume
- $2.75M
- Circulating supply
- $271.36M
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