Recent Developments
- Market capitalization
- $37.16M
- missing en-cn translation: common.volume-24h
- $2.06M
- Circulating supply in the market
- 38.8B REEF
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Staking Reef can be an excellent choice for individuals looking to hold REEF 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.
To stake Reef, you first need to acquire it. To obtain Reef, you can purchase it from these well-known exchanges.
| Platform | Coin | Price |
|---|---|---|
| Binance | Reef (REEF) | 0.000688 APY |
| BingX | Reef (REEF) | 0.0004311 APY |
| Bitget | Reef (REEF) | 0 APY |
| Bitmart | Reef (REEF) | 0.0001476 APY |
| Bitpanda | Reef (REEF) | 0 APY |
| Bybit | Reef (REEF) | 0.0004742 APY |
Once you have REEF, you'll need to select a Reef wallet to securely store your tokens. Here are some excellent options to consider.
We recommend utilizing a staking pool when staking REEF. It is more straightforward and quicker to get started. A staking pool consists of a collective of validators who pool their REEF, enhancing their chances of validating transactions and earning rewards. You can easily manage this through your wallet's interface.
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 Reef network. For these validations, you will be rewarded with REEF.
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.
