Introduction

Staking NKN can be a great option for those who want to hold NKN 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. 1. Obtain NKN (NKN) Tokens

   To stake NKN, you need to own it. To obtain NKN, you'll need to buy it. You can choose from these popular exchanges.

   Platform	Coin	Cost
   Binance	NKN (NKN)	0.03
   Coinbase	NKN (NKN)	0.03
   BingX	NKN (NKN)	0.03
   Bitget	NKN (NKN)	0.03
   Bitmart	NKN (NKN)	0.03
   Bitpanda	NKN (NKN)	0.11

   See all 30 prices

2. 2. Choose a NKN Wallet

   Once you have NKN, you'll need to choose a NKN wallet to store your tokens. Here are some great options.

3. 3. Delegate Your NKN

   We recommend using a staking pool when staking NKN. It's simpler and quicker to get started. A staking pool is a group of validators who combine their NKN, increasing their chances of validating transactions and earning rewards. You can do this through your wallet's interface.

4. 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 NKN network. You'll be rewarded with NKN 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.