How to Stake Akash Network (AKT): A Step-by-Step Guide for German Investors

Introduction

Staking Akash Network can be an excellent choice for those looking to hold AKT 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. Acquire Akash Network (AKT) Tokens

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

Plattform	Kryptowährung	Price
Coinbase	Akash Network (AKT)	0,37 APY
Uphold	Akash Network (AKT)	1,38 APY
Bake	Akash Network (AKT)	0,37 APY
BingX	Akash Network (AKT)	0,37 APY
Bitmart	Akash Network (AKT)	0,37 APY
Bitpanda	Akash Network (AKT)	4,24 APY

View all 27 prices

2. Select a Akash Network Wallet
Once you have AKT, you'll need to select a Akash Network wallet to securely store your tokens. Here are some solid options to consider.
Plattform Kryptowährung Staking rewards
Bitpanda Akash Network (AKT) Up to 10 % APY
Chainode Tech Akash Network (AKT) Up to 9,8 % APY
Discover all 9 staking rewards available
3. Delegate Your AKT
We recommend using a staking pool when staking AKT. It's simpler and faster to get started. A staking pool is a collective of validators who pool their AKT, which increases their chances of validating transactions and earning rewards. You can manage this through your wallet's interface.
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 Akash Network network. For these validations, you will be rewarded with AKT.

Plattform	Kryptowährung	Staking rewards
Bitpanda	Akash Network (AKT)	Up to 10 % APY
Chainode Tech	Akash Network (AKT)	Up to 9,8 % APY

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.