How to Stake First Digital USD (FDUSD)

Introduction

Staking First Digital USD can be an excellent choice for those looking to hold FDUSD 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 First Digital USD (FDUSD) Tokens

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

   Plattform	Kryptowährung	Price
   Binance	First Digital USD (FDUSD)	1 APY
   Azbit	First Digital USD (FDUSD)	1 APY
   BingX	First Digital USD (FDUSD)	1 APY
   Bitget	First Digital USD (FDUSD)	1 APY
   Bybit	First Digital USD (FDUSD)	1 APY

   View all 19 prices

2. 2. Select a First Digital USD Wallet

   Once you have FDUSD, you'll need to select a First Digital USD wallet to securely store your tokens. Here are some solid options to consider.

   Plattform	Kryptowährung	Staking rewards
   Binance	First Digital USD (FDUSD)	Up to 16,2 % APY

3. 3. Delegate Your FDUSD

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

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.