How to Stake e-Money (NGM)

Introduction

Staking e-Money can be an excellent choice for those looking to hold NGM 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 e-Money (NGM) Tokens

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

2. 2. Select a e-Money Wallet

   Once you have NGM, you'll need to select a e-Money wallet to securely store your tokens. Here are some solid options to consider.

   Plattform	Kryptowährung	Staking rewards
   Stakewolle	e-Money (NGM)	Up to 29,45 % APY

3. 3. Delegate Your NGM

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

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.