How to Stake Akash Network (AKT)

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. 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)	0,48 APY
   Uphold	Akash Network (AKT)	1,38 APY
   Bake	Akash Network (AKT)	0,5 APY
   BingX	Akash Network (AKT)	0,49 APY
   Bitmart	Akash Network (AKT)	0,49 APY
   Bitpanda	Akash Network (AKT)	4,24 APY

   View all 27 prices

2. 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. 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. 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.

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.