How to Stake Flare (FLR)

Introduction

Staking Flare can be an excellent choice for those looking to hold FLR 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 Flare (FLR) Tokens

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

   Plattform	Kryptowährung	Price
   YouHodler	Flare (FLR)	0,01 APY
   Coinbase	Flare (FLR)	0,01 APY
   Kraken	Flare (FLR)	0,01 APY
   OKX	Flare (FLR)	0,02 APY
   Uphold	Flare (FLR)	0,02 APY
   BingX	Flare (FLR)	0,01 APY

   View all 42 prices

2. 2. Select a Flare Wallet

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

   Plattform	Kryptowährung	Staking rewards
   Uphold	Flare (FLR)	Up to 5,07 % APY
   CEX.io	Flare (FLR)	Up to 5 % APY

   Discover all 4 staking rewards available

3. 3. Delegate Your FLR

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

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.