Introduction
Staking Euro can be a great option for those who want to hold EUR 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 Euro (EUR) Tokens
To stake Euro, you need to own it. To obtain Euro, you'll need to buy it. You can choose from these popular exchanges.
See all 22 pricesPlatform Coin Cost YouHodler Euro (EUR) 1.16 Binance Euro (EUR) 1.16 Kraken Euro (EUR) 1.16 Uphold Euro (EUR) 1.14 Bake Euro (EUR) 1.16 BingX Euro (EUR) 1.16 2. Choose a Euro Wallet
Once you have EUR, you'll need to choose a Euro wallet to store your tokens. Here are some great options.
3. Delegate Your EUR
We recommend using a staking pool when staking EUR. It's simpler and quicker to get started. A staking pool is a group of validators who combine their EUR, 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 Euro network. You'll be rewarded with EUR 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.
