How to Stake DeFiChain (DFI)

Introduction

Staking DeFiChain can be an excellent choice for those looking to hold DFI 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 DeFiChain (DFI) Tokens

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

   Plattform	Kryptowährung	Price
   Bake	DeFiChain (DFI)	0,0009027 APY
   Bitget	DeFiChain (DFI)	0,03 APY
   CoinEx	DeFiChain (DFI)	0 APY
   Gate.io	DeFiChain (DFI)	0,000817 APY
   HTX	DeFiChain (DFI)	0 APY
   MEXC Global	DeFiChain (DFI)	0,000857 APY

   View all 11 prices

2. 2. Select a DeFiChain Wallet

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

   Plattform	Kryptowährung	Staking rewards
   Bake	DeFiChain (DFI)	Up to 2,04 % APY

3. 3. Delegate Your DFI

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

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.