How to Stake Flow (FLOW)

Introduction

Staking Flow can be an excellent choice for those looking to hold FLOW 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 Flow (FLOW) Tokens

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

   Plattform	Kryptowährung	Price
   PrimeXBT	Flow (FLOW)	0,1 APY
   Uphold	Flow (FLOW)	0,38 APY
   Bake	Flow (FLOW)	0,1 APY
   BingX	Flow (FLOW)	0,09 APY
   Bitget	Flow (FLOW)	0,1 APY
   Bitmart	Flow (FLOW)	0,09 APY

   View all 14 prices

2. 2. Select a Flow Wallet

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

   Plattform	Kryptowährung	Staking rewards
   Bitpanda	Flow (FLOW)	Up to 6 % APY
   MyCointainer	Flow (FLOW)	Up to 10,1 % APY

3. 3. Delegate Your FLOW

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

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.