How to Stake MultiversX (EGLD) for better returns

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. 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.

   Platform	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

   View all 53 prices

2. 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.

   Platform	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

   View all 13 staking rewards available

3. 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. 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.