How to Stake aelf (ELF)

Introduction

Staking aelf can be an excellent choice for those looking to hold ELF 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 aelf (ELF) Tokens

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

   Plattform	Kryptowährung	Price
   Uphold	aelf (ELF)	0,22 APY
   OKX	aelf (ELF)	0,25 APY
   Binance	aelf (ELF)	0,23 APY
   Bake	aelf (ELF)	0,19 APY
   BingX	aelf (ELF)	0,2 APY
   Bitget	aelf (ELF)	0,19 APY

   View all 25 prices

2. 2. Select a aelf Wallet

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

3. 3. Delegate Your ELF

   We recommend using a staking pool when staking ELF. It's simpler and faster to get started. A staking pool is a collective of validators who pool their ELF, 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 aelf network. For these validations, you will be rewarded with ELF.

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.