Introduction

Staking Merlin Chain can be an excellent choice for individuals looking to hold MERL 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 Merlin Chain (MERL) Tokens

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

   Platform	Coin	Price
   PrimeXBT	Merlin Chain (MERL)	0.31 APY
   BTSE	Merlin Chain (MERL)	0.31 APY
   Kraken	Merlin Chain (MERL)	0.31 APY
   OKX	Merlin Chain (MERL)	0.11 APY
   BingX	Merlin Chain (MERL)	0.31 APY
   Bitget	Merlin Chain (MERL)	0.31 APY

   View all 32 prices

2. 2. Select a Merlin Chain Wallet for Your Needs

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

3. 3. Delegate Your MERL for Enhanced Returns

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

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.