How to Stake EOS (EOS): A Step-by-Step Guide

Introduction

Staking EOS can be a great option for those who want to hold EOS but earn yield in a safe way while contributing to the network. The steps can be a little daunting, especially the first time you do them. That’s why we’ve put this guide together for you.

Step-by-Step Guide

1. Obtain EOS (EOS) Tokens
In order to stake EOS, you need to have it. To obtain EOS, you'll need to purchase it. You can choose from these popular exchanges.
Platform Coin Price
Nexo EOS (EOS) 0,78
PrimeXBT EOS (EOS) 0,77
Uphold EOS (EOS) 0,77
EarnPark EOS (EOS) 0,77
OKX EOS (EOS) 0,77
YouHodler EOS (EOS) 0,77
See all 29 prices
2. Choose a EOS Wallet
Once you have EOS, you’ll need to choose a EOS wallet to store your tokens. Here are some good options.
Platform Coin Staking rewards
YouHodler EOS (EOS) Up to 13 APY
Binance EOS (EOS) Up to 7,5 APY
See all 5 staking rewards
3. Delegate Your EOS
We recommend using a staking pool when staking EOS. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their EOS, which gives them a higher chance of validating transactions and earning rewards. You can do this through your wallet’s interface.
4. Start Validating
You’ll need to wait for your deposit to be confirmed by your wallet. Once it’s confirmed, you’ll automatically validate transactions on the EOS network. You’ll be rewarded with EOS for these validations.

Platform	Coin	Price
Nexo	EOS (EOS)	0,78
PrimeXBT	EOS (EOS)	0,77
Uphold	EOS (EOS)	0,77
EarnPark	EOS (EOS)	0,77
OKX	EOS (EOS)	0,77
YouHodler	EOS (EOS)	0,77

Platform	Coin	Staking rewards
YouHodler	EOS (EOS)	Up to 13 APY
Binance	EOS (EOS)	Up to 7,5 APY

What to be Aware of

There are transaction and staking pool fees you need to consider. There can also be a waiting period before you start earning rewards. The staking pool will need to generate blocks, and this can take some time.

Latest Movements

EOS (EOS) is currently priced at US$7.5 with a 24-hour trading volume of US$148.88M. The market cap of EOS stands at US$1.17B, with US$1.52B EOS in circulation. For those looking to buy or trade EOS, YouHodler offers avenues to do so securely and efficiently}

Market cap: US$1.17B
24h volume: US$148.88M
Circulating supply: US$1.52B

See latest information

Frequently Asked Questions About Staking EOS (EOS)

What are EOS staking rewards?: EOS staking rewards are incentives provided to users who stake their EOS tokens to support network operations. By staking, users help validate transactions and secure the network.
How can I start staking EOS?: To start staking EOS, you need to lock your EOS tokens in a wallet that supports staking. Ensure you have a compatible wallet and enough EOS to stake. Stay updated with Bitcompare for a list of reputable platforms.
What is the typical reward rate for EOS staking?: The reward rate for EOS staking can vary depending on network conditions and the staking platform. Use Bitcompare tools for real-time rate comparisons and check regularly for updates.
Are there any risks involved in staking EOS?: Staking EOS involves some risks, such as potential token lock-up periods and network changes. It's crucial to stay informed with trusted sources. Bitcompare provides the latest EOS news and events.
How often are EOS staking rewards distributed?: Staking rewards distribution can vary based on the staking service terms. Some distribute daily while others may differ. Check with your chosen platform and use Bitcompare for detailed insights.
Can I unstake my EOS tokens at any time?: Unstaking EOS tokens may involve a lock-up period, which varies by platform. Make sure to understand the terms fully before committing. Keep abreast of changes with Bitcompare's regularly updated tools.
Do I need a specific wallet for staking EOS?: Yes, you'll need a wallet that supports EOS staking. Research thoroughly or use Bitcompare to find reputable wallets offering this feature. Bookmark their pages for the latest wallet information.
What is the role of Bitcompare in managing EOS stakes?: Bitcompare is a valuable resource for comparing staking platforms, rates, and events in real time. Utilize their email alerts and sentiment analysis tools to make informed staking decisions.
How can I maximize my EOS staking rewards?: Maximizing EOS staking rewards involves choosing platforms with competitive rates and keeping informed about market changes. Bitcompare offers real-time price and rate comparisons for better insights.
Why is it important to stay updated with EOS news?: Staying updated on EOS news is crucial for making informed staking decisions. Market conditions can shift rapidly. Bookmark Bitcompare to access the latest news and analysis, helping you stay ahead.