How to Stake IOST (IOST) for better returns

Introduction

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

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

   Platform	Coin	Price
   EarnPark	IOST (IOST)	0.01 APY
   Binance	IOST (IOST)	0 APY
   OKX	IOST (IOST)	0 APY
   BingX	IOST (IOST)	0 APY
   Bitget	IOST (IOST)	0 APY
   Bitmart	IOST (IOST)	0 APY

   View all 35 prices

2. 2. Select a IOST Wallet for Your Needs

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

   Platform	Coin	Staking returns
   Binance	IOST (IOST)	Up to 2.3% APY
   Bitget	IOST (IOST)	Up to 4% APY

   View all 6 staking rewards available

3. 3. Delegate Your IOST for Enhanced Returns

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

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.