Introduction
Staking TRON can be a great choice for those who want to hold TRX 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. Get TRON (TRX) Tokens
To stake TRON, you need to have it. To obtain TRON, you'll need to purchase it. You can choose from these popular exchanges.
See all 55 pricesPlatform Loonies Price Nexo TRON (TRX) 0.24 PrimeXBT TRON (TRX) 0.24 Uphold TRON (TRX) 0.24 EarnPark TRON (TRX) 0.24 Kraken TRON (TRX) 0.24 OKX TRON (TRX) 0.24 2. Select a TRON Wallet
Once you have TRX, you’ll need to choose a TRON wallet to store your tokens. Here are some good options.
See all 19 staking rewardsPlatform Loonies Staking rewards YouHodler TRON (TRX) Up to 7 annual percentage yield Binance TRON (TRX) Up to 2.69 annual percentage yield MyCointainer TRON (TRX) Up to 3.52 annual percentage yield 3. Delegate Your TRX
We recommend using a staking pool when staking TRX. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their TRX, which gives them a higher chance of validating transactions and earning rewards. You can do this through your wallet’s interface.
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 TRON network. You'll be rewarded with TRX 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.
Latest Movements
TRON (TRX) is currently priced at US$7 with a 24-hour trading volume of US$1.17B. The market cap of TRON is currently at US$20.77B, with 86.18B TRX in circulation. For those interested in buying or trading TRON, YouHodler offers ways to do so securely and efficiently
- Market capitalization
- US$20.77B
- 24h volume
- US$1.17B
- Circulating supply
- 86.18B TRX