Introduction
Staking Hive can be a great option for those who want to hold HIVE 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 Guide
1. Obtain Hive (HIVE) Tokens
In order to stake Hive, you need to have it. To obtain Hive, you'll need to purchase it. You can choose from these popular exchanges.
Platform Coin Price Binance Hive (HIVE) 0.18 MEXC Global Hive (HIVE) 0.17 2. Choose a Hive Wallet
Once you have HIVE, you’ll need to choose a Hive wallet to store your tokens. Here are some good options.
Platform Coin Staking rewards Binance Hive (HIVE) Up to 1.50 APY 3. Delegate Your HIVE
We recommend using a staking pool when staking HIVE. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their HIVE, 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 Hive network. You’ll be rewarded with HIVE 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
Hive (HIVE) is currently priced at $1.50 with a 24-hour trading volume of $2.17M. The market cap of Hive stands at $80.38M, with $456.77M HIVE in circulation. For those looking to buy or trade Hive, Binance offers avenues to do so securely and efficiently}
- Market cap
- $80.38M
- 24h volume
- $2.17M
- Circulating supply
- $456.77M
HIVE
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