Introduction
Staking 1inch can be a great option for those who want to hold 1INCH while earning yield safely and contributing to the network. The steps may seem daunting, especially the first time you attempt them. That's why we've created this guide for you.
Step-by-Step Guide
1. Obtain 1inch (1INCH) Tokens
To stake 1inch, you need to own it. To obtain 1inch, you'll need to buy it. You can choose from these popular exchanges.
See all 61 pricesPlatform Coin Cost Nexo 1inch (1INCH) 0.16 PrimeXBT 1inch (1INCH) 0.16 YouHodler 1inch (1INCH) 0.16 Binance 1inch (1INCH) 0.16 BTSE 1inch (1INCH) 0.16 Coinbase 1inch (1INCH) 0.16 2. Choose a 1inch Wallet
Once you have 1INCH, you'll need to choose a 1inch wallet to store your tokens. Here are some great options.
Platform Coin Staking returns Binance 1inch (1INCH) Up to 0.2% % p.a. 3. Delegate Your 1INCH
We recommend using a staking pool when staking 1INCH. It's simpler and quicker to get started. A staking pool is a group of validators who combine their 1INCH, increasing their chances of validating transactions and earning rewards. You can do this through your wallet's interface.
4. Begin Validation
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 1inch network. You'll be rewarded with 1INCH for these validations.
What to Be Aware Of
There are transaction and staking pool fees to consider. Additionally, there may be a waiting period before you start earning rewards. The staking pool needs to generate blocks, which can take some time.
Latest Movements
missing en-au translation: common.latest-movements-copy
- Market capitalisation
- USDĀ 534.19M
- 24-hour volume
- USDĀ 73.19M
- Circulating supply
- 1.4B 1INCH
