How to Stake Filecoin (FIL)

Introduction

Staking Filecoin can be an excellent choice for those looking to hold FIL 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 Filecoin (FIL) Tokens

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

   Plattform	Kryptowährung	Price
   PrimeXBT	Filecoin (FIL)	1,33 APY
   YouHodler	Filecoin (FIL)	1,34 APY
   Binance	Filecoin (FIL)	1,34 APY
   BTSE	Filecoin (FIL)	1,34 APY
   OKX	Filecoin (FIL)	1,34 APY
   Uphold	Filecoin (FIL)	2,66 APY

   View all 46 prices

2. 2. Select a Filecoin Wallet

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

   Plattform	Kryptowährung	Staking rewards
   YouHodler	Filecoin (FIL)	Up to 7 % APY
   Binance	Filecoin (FIL)	Up to 2,5 % APY
   Bitmart	Filecoin (FIL)	Up to 0,6 % APY

   Discover all 6 staking rewards available

3. 3. Delegate Your FIL

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

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.