Earn up to
10% p.a.
A comprehensive guide on how to stake Secret (SCRT)
We have a wealth of data on staking Secret (SCRT) and we're pleased to share some of this with you.
We present some staking options with other coins that may be of interest.
Secret (SCRT) is currently priced at USD 20.21 with a 24-hour trading volume of USD 6.68M. The market cap of Secret stands at USD 129.12M, with 298.21M SCRT in circulation. For those looking to buy or trade Secret, Bitpanda offers avenues to do so securely and efficiently
Staking Secret can be a great option for those who want to hold SCRT 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.
To stake Secret, you need to own it. To obtain Secret, you'll need to buy it. You can choose from these popular exchanges.
| Platform | Coin | Cost |
|---|---|---|
| Binance | Secret (SCRT) | 0.11 |
| Kraken | Secret (SCRT) | 0.11 |
| BingX | Secret (SCRT) | 0.43 |
| Bitmart | Secret (SCRT) | 0.18 |
| Bitpanda | Secret (SCRT) | 0.68 |
| Bybit | Secret (SCRT) | 0.11 |
Once you have SCRT, you'll need to choose a Secret wallet to store your tokens. Here are some great options.
| Platform | Coin | Staking returns |
|---|---|---|
| Bitpanda | Secret (SCRT) | Up to 10% p.a. |
| MyCointainer | Secret (SCRT) | Up to 23.1% p.a. |
| Stakely.io | Secret (SCRT) | Up to 20.21% p.a. |
We recommend using a staking pool when staking SCRT. It's simpler and quicker to get started. A staking pool is a group of validators who combine their SCRT, increasing their chances of validating transactions and earning rewards. You can do this through your wallet's interface.
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 Secret network. You'll be rewarded with SCRT for these validations.
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.
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