How to Stake Decimal (DEL)

Introduction

Staking Decimal can be an excellent choice for those looking to hold DEL 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 Decimal (DEL) Tokens

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

   Plattform	Kryptowährung	Price
   MEXC Global	Decimal (DEL)	0,000749 APY

2. 2. Select a Decimal Wallet

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

   Plattform	Kryptowährung	Staking rewards
   MyCointainer	Decimal (DEL)	Up to 41,18 % APY

3. 3. Delegate Your DEL

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

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.