Introduction
Staking VeChain can be a great option for those who want to hold VET 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 VeChain (VET) tokens
In order to stake VeChain, you need to have it. To obtain VeChain, you'll need to purchase it. You can choose from these popular exchanges.
- 2
Choose a VeChain wallet
Once you have VET, you’ll need to choose a VeChain wallet to store your tokens. Here are some good options.
- 3
Delegate your VET
We recommend using a staking pool when staking VET. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their VET, 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 VeChain network. You’ll be rewarded with VET 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
VeChain (VET) is currently priced at $0.0365, with a 24-hour trading volume of $67.64M. In the last 24 hours, VeChain has seen an increase to 1.59. The market cap of VeChain stands at $2.61B, with 72.71B in circulation. For those looking to buy or trade VeChain, reputable platforms like Binance, YouHodler, Coinbase, SwissBorg and Crypto.com offer avenues to do so securely and efficiently.
- Market cap
- $2.61B
- Volume
- $67.64M
- Circulating supply
- $72.71B
