How to Stake Ankr Network (ANKR) for better returns

Introduction

Staking Ankr Network can be an excellent choice for individuals looking to hold ANKR 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 Ankr Network (ANKR) Tokens

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

   Platform	Coin	Price
   Binance	Ankr Network (ANKR)	0.01 APY
   BTSE	Ankr Network (ANKR)	0.01 APY
   Coinbase	Ankr Network (ANKR)	0.01 APY
   Kraken	Ankr Network (ANKR)	0.01 APY
   Uphold	Ankr Network (ANKR)	0.02 APY
   Azbit	Ankr Network (ANKR)	0.01 APY

   View all 46 prices

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

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

   Platform	Coin	Staking returns
   Ankr	Ankr Network (ANKR)	Up to 2.95% APY
   Binance	Ankr Network (ANKR)	Up to 1.7% APY

   View all 5 staking rewards available

3. 3. Delegate Your ANKR for Enhanced Returns

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

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.