Introduction
Staking Stella can be a great option for those who want to hold ALPHA 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 Stella (ALPHA) Tokens
To stake Stella, you need to own it. To obtain Stella, you'll need to buy it. You can choose from these popular exchanges.
See all 21 pricesPlatform Coin Cost Uphold Stella (ALPHA) 0.03 BingX Stella (ALPHA) 0.01 Bitget Stella (ALPHA) 0.01 Bitmart Stella (ALPHA) 0.01 Bybit Stella (ALPHA) 0.01 CoinEx Stella (ALPHA) 0.01 2. Choose a Stella Wallet
Once you have ALPHA, you'll need to choose a Stella wallet to store your tokens. Here are some great options.
3. Delegate Your ALPHA
We recommend using a staking pool when staking ALPHA. It's simpler and quicker to get started. A staking pool is a group of validators who combine their ALPHA, 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 Stella network. You'll be rewarded with ALPHA 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
- Market capitalisation
- USDĀ 67.31M
- 24-hour volume
- USDĀ 6.69M
- Circulating supply
- 909M ALPHA
