How to Stake Amp (AMP)

Introduction

Staking Amp can be an excellent choice for those looking to hold AMP 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 Amp (AMP) Tokens

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

   Plattform	Kryptowährung	Price
   Binance	Amp (AMP)	0 APY
   Coinbase	Amp (AMP)	0 APY
   Uphold	Amp (AMP)	0 APY
   BingX	Amp (AMP)	0 APY
   Bitget	Amp (AMP)	0 APY
   Bitmart	Amp (AMP)	0 APY

   View all 27 prices

2. 2. Select a Amp Wallet

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

3. 3. Delegate Your AMP

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

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.