Where and How to Stake Amp (AMP)

Introduction

Staking Amp can be a great choice for those who want to hold AMP but earn yield in a secure way while contributing to the network. The steps can be a little overwhelming, especially the first time you go through them. That’s why we’ve put this guide together for you.

Step-by-step Guide

1. 1. Get Amp (AMP) Tokens

   To stake Amp, you need to have it. To obtain Amp, you'll need to purchase it. You can choose from these popular exchanges.

   Platform	Loonies	Price
   Uphold	Amp (AMP)	0
   Binance	Amp (AMP)	0
   Coinbase	Amp (AMP)	0
   Bitget	Amp (AMP)	0
   Bitmart	Amp (AMP)	0
   Gate.io	Amp (AMP)	0

   See all 26 prices

2. 2. Select a Amp Wallet

   Once you have AMP, you’ll need to choose a Amp wallet to store your tokens. Here are some good options.

   Platform	Loonies	Staking rewards
   MyCointainer	Amp (AMP)	Up to 6.81 annual percentage yield

3. 3. Delegate Your AMP

   We recommend using a staking pool when staking AMP. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their AMP, which gives them a higher chance of validating transactions and earning rewards. You can do this through your wallet’s interface.

4. 4. Start Validating

   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 Amp network. You'll be rewarded with AMP for these validations.

What to be Aware of

There are transaction and staking pool fees you need to consider. There can also be a waiting period before you start earning rewards. The staking pool will need to generate blocks, and this can take some time.