How to Stake Akash Network (AKT) for better returns

Introduction

Staking Akash Network can be an excellent choice for individuals looking to hold AKT 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 Akash Network (AKT) Tokens

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

   Platform	Coin	Price
   Coinbase	Akash Network (AKT)	0.37 APY
   Uphold	Akash Network (AKT)	1.38 APY
   Bake	Akash Network (AKT)	0.37 APY
   BingX	Akash Network (AKT)	0.37 APY
   Bitmart	Akash Network (AKT)	0.37 APY
   Bitpanda	Akash Network (AKT)	4.24 APY

   View all 27 prices

2. 2. Select a Akash Network Wallet for Your Needs

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

   Platform	Coin	Staking returns
   Bitpanda	Akash Network (AKT)	Up to 10% APY
   Chainode Tech	Akash Network (AKT)	Up to 9.8% APY

   View all 9 staking rewards available

3. 3. Delegate Your AKT for Enhanced Returns

   We recommend utilizing a staking pool when staking AKT. It is more straightforward and quicker to get started. A staking pool consists of a collective of validators who pool their AKT, 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 Akash Network network. For these validations, you will be rewarded with AKT.

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.