Introduction
Staking MultiversX can be an excellent choice for individuals looking to hold EGLD 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. Acquire MultiversX (EGLD) Tokens
To stake MultiversX, you first need to acquire it. To obtain MultiversX, you can purchase it from these well-known exchanges.
View all 53 pricesPlatform Coin Price PrimeXBT MultiversX (EGLD) 6.19 APY YouHodler MultiversX (EGLD) 6.18 APY Binance MultiversX (EGLD) 6.18 APY BTSE MultiversX (EGLD) 6.18 APY Coinbase MultiversX (EGLD) 6.21 APY Kraken MultiversX (EGLD) 6.26 APY 2. Select a MultiversX Wallet for Your Needs
Once you have EGLD, you'll need to select a MultiversX wallet to securely store your tokens. Here are some excellent options to consider.
View all 13 staking rewards availablePlatform Coin Staking returns Atomic Wallet MultiversX (EGLD) Up to 9.4% APY Binance MultiversX (EGLD) Up to 3.1% APY Bitget MultiversX (EGLD) Up to 8.5% APY 3. Delegate Your EGLD for Enhanced Returns
We recommend utilizing a staking pool when staking EGLD. It is more straightforward and quicker to get started. A staking pool consists of a collective of validators who pool their EGLD, enhancing their chances of validating transactions and earning rewards. You can easily manage this through your wallet's interface.
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 MultiversX network. For these validations, you will be rewarded with EGLD.
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.
Recent Developments
missing en-cn translation: common.latest-movements-copy
- Market capitalization
- $917.2M
- missing en-cn translation: common.volume-24h
- $39.77M
- Circulating supply in the market
- 27.81M EGLD
