Recent Developments
- Market capitalization
- $703.14M
- 24-hour trading volume
- $36.02M
- Circulating supply
- 19.81T XEC
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USDCImportant Notice
Staking eCash can be an excellent choice for individuals in the UAE looking to hold XEC while earning APY in a secure manner and supporting the network. The process may seem a bit overwhelming, particularly for first-time users. That’s why we’ve created this guide to assist you.
To stake eCash, you first need to acquire it. To obtain eCash, you will need to purchase it from one of the popular exchanges available in the UAE.
| Platform | Cryptocurrency | Price |
|---|---|---|
| Binance | eCash (XEC) | 0.00001147 |
| BingX | eCash (XEC) | 0.00001145 |
| Bitmart | eCash (XEC) | 0.00002046 |
| Bitpanda | eCash (XEC) | 0.00004911 |
| CoinEx | eCash (XEC) | 0.00001144 |
| FMFW.io | eCash (XEC) | 0.00001055 |
Once you have XEC, you'll need to select a eCash wallet to securely store your tokens. Here are some excellent options available in the UAE market.
We recommend utilizing a staking pool when staking XEC. It’s more straightforward and quicker to get started. A staking pool consists of a group of validators who pool their XEC, increasing their chances of validating transactions and earning rewards. You can manage this through your wallet's interface.
You will need to wait for your deposit to be confirmed by your digital wallet. Once it's confirmed, you will automatically validate transactions on the eCash network. For these validations, you will be rewarded with XEC.
In the UAE, it's important to factor in transaction and staking pool fees when engaging in cryptocurrency activities. Additionally, you may experience a waiting period before you begin to earn rewards. The staking pool must generate blocks, which can take some time to accomplish.
