How to Stake Acala (ACA) for better returns

Introduction

Staking Acala can be an excellent choice for individuals looking to hold ACA while earning APY in a secure manner and supporting the network. The process may seem a bit overwhelming, particularly for first-time users. That's why we have created this comprehensive guide to assist you.

Step-by-Step Guide

1. 1. Acquire Acala (ACA) Tokens

   To stake Acala, you first need to acquire it. To obtain Acala, you can purchase it from these well-known exchanges.

   平台	Coin	Price
   Binance	Acala (ACA)	0.01 APY
   Kraken	Acala (ACA)	0.02 APY
   OKX	Acala (ACA)	0.04 APY
   BingX	Acala (ACA)	0.02 APY
   Bitget	Acala (ACA)	0.02 APY
   Bitmart	Acala (ACA)	0.03 APY

   View all 26 prices

2. 2. Select a Acala Wallet for Your Needs

   Once you have ACA, you'll need to select a Acala wallet to securely store your tokens. Here are some excellent options to consider.

   平台	Coin	Staking returns
   Binance	Acala (ACA)	Up to 26.6% APY
   Bitget	Acala (ACA)	Up to 10% APY

3. 3. Delegate Your ACA for Enhanced Returns

   We recommend utilizing a staking pool when staking ACA. It is more straightforward and quicker to get started. A staking pool consists of a collective of validators who pool their ACA, enhancing their chances of validating transactions and earning rewards. You can easily manage this through your wallet's interface.

4. 4. Begin Verification

   You will need to wait for your deposit to be confirmed by your wallet. Once it is confirmed, you will automatically validate transactions on the Acala network. For these validations, you will be rewarded with ACA.

What to Consider in the Chinese Market

When engaging in transactions and participating in staking pools, it's important to factor in the associated fees. Additionally, there may be a waiting period before you begin to receive rewards. The staking pool must successfully generate blocks, which can require some time to accomplish.