How to Stake Qtum (QTUM) for better returns

Introduction

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

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

   Platform	Coin	Price
   Binance	Qtum (QTUM)	1.29 APY
   Kraken	Qtum (QTUM)	1.29 APY
   OKX	Qtum (QTUM)	1.89 APY
   Uphold	Qtum (QTUM)	2.53 APY
   BingX	Qtum (QTUM)	1.29 APY
   Bitfinex	Qtum (QTUM)	4.9 APY

   View all 42 prices

2. 2. Select a Qtum Wallet for Your Needs

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

3. 3. Delegate Your QTUM for Enhanced Returns

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

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.