How to Stake Cudos (CUDOS)

Introduction

Staking Cudos can be an excellent choice for those looking to hold CUDOS 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 Cudos (CUDOS) Tokens

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

   Plattform	Kryptowährung	Price
   Gate.io	Cudos (CUDOS)	0,01 APY
   Kucoin	Cudos (CUDOS)	0,01 APY

2. 2. Select a Cudos Wallet

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

   Plattform	Kryptowährung	Staking rewards
   MyCointainer	Cudos (CUDOS)	Up to 9,23 % APY
   Valid Blocks	Cudos (CUDOS)	Up to 6,86 % APY

3. 3. Delegate Your CUDOS

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

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.