How to Stake iExec RLC (RLC) for better returns

Introduction

Staking iExec RLC can be an excellent choice for individuals looking to hold RLC 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 iExec RLC (RLC) Tokens

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

   Platform	Coin	Price
   Binance	iExec RLC (RLC)	0.64 APY
   Coinbase	iExec RLC (RLC)	0.65 APY
   Kraken	iExec RLC (RLC)	0.65 APY
   BingX	iExec RLC (RLC)	2.07 APY
   Bitget	iExec RLC (RLC)	0.65 APY
   Bitmart	iExec RLC (RLC)	0.84 APY

   View all 32 prices

2. 2. Select a iExec RLC Wallet for Your Needs

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

   Platform	Coin	Staking returns
   Bitmart	iExec RLC (RLC)	Up to 1% APY

3. 3. Delegate Your RLC for Enhanced Returns

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

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.