How to Stake 1inch (1INCH)

Introduction

Staking 1inch can be an excellent choice for those looking to hold 1INCH 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've created this guide to assist you.

Step-by-Step Anleitung

1. 1. Acquire 1inch (1INCH) Tokens

   To stake 1inch, you first need to acquire it. To obtain 1inch, you'll need to purchase it. You can choose from these well-known exchanges available in Germany.

   Plattform	Kryptowährung	Price
   Nexo	1inch (1INCH)	0,16 APY
   PrimeXBT	1inch (1INCH)	0,16 APY
   YouHodler	1inch (1INCH)	0,16 APY
   Binance	1inch (1INCH)	0,16 APY
   BTSE	1inch (1INCH)	0,16 APY
   Coinbase	1inch (1INCH)	0,16 APY

   View all 61 prices

2. 2. Select a 1inch Wallet

   Once you have 1INCH, you'll need to select a 1inch wallet to securely store your tokens. Here are some solid options to consider.

   Plattform	Kryptowährung	Staking rewards
   Binance	1inch (1INCH)	Up to 0,2 % APY

3. 3. Delegate Your 1INCH

   We recommend using a staking pool when staking 1INCH. It's simpler and faster to get started. A staking pool is a collective of validators who pool their 1INCH, which increases their chances of validating transactions and earning rewards. You can manage this through your wallet's interface.

4. 4. Start Validating

   You will need to wait for your deposit to be confirmed by your wallet. Once it's confirmed, you will automatically validate transactions on the 1inch network. For these validations, you will be rewarded with 1INCH.

What to Consider

There are transaction and staking pool fees you need to consider. Additionally, there may be a waiting period before you begin earning rewards. The staking pool must generate blocks, and this process can take some time.