Steem (STEEM) is currently priced at $0.1971, with a 24-hour trading volume of $2.69M. In the last 24 hours, Steem has experienced a decrease to -1.6. The market cap of Steem stands at $105.15M, with 464.13M in circulation. For those looking to buy or trade Steem, reputable platforms like Binance, BingX and MEXC Global offer avenues to do so securely and efficiently.
Staking Steem can be a great option for those who want to hold STEEM 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.
In order to stake Steem, you need to have it. To obtain Steem, you'll need to purchase it. You can choose from these popular exchanges.
Once you have STEEM, you’ll need to choose a Steem wallet to store your tokens. Here are some good options.
We recommend using a staking pool when staking STEEM. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their STEEM, which gives them a higher chance of validating transactions and earning rewards. You can do this through your wallet’s interface.
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 Steem network. You’ll be rewarded with STEEM for these validations.
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.
