How to Stake Gains Network (GNS): A Step-by-Step Guide for German Investors

Introduction

Staking Gains Network can be an excellent choice for those looking to hold GNS 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. Acquire Gains Network (GNS) Tokens

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

Plattform	Kryptowährung	Price
Binance	Gains Network (GNS)	1,27 APY
Uphold	Gains Network (GNS)	1,19 APY
Azbit	Gains Network (GNS)	0 APY
BingX	Gains Network (GNS)	1,26 APY
Bitget	Gains Network (GNS)	1,27 APY
Bitmart	Gains Network (GNS)	1,27 APY

View all 27 prices

2. Select a Gains Network Wallet
Once you have GNS, you'll need to select a Gains Network wallet to securely store your tokens. Here are some solid options to consider.
Plattform Kryptowährung Staking rewards
Binance Gains Network (GNS) Up to 0,5 % APY
3. Delegate Your GNS
We recommend using a staking pool when staking GNS. It's simpler and faster to get started. A staking pool is a collective of validators who pool their GNS, which increases their chances of validating transactions and earning rewards. You can manage this through your wallet's interface.
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 Gains Network network. For these validations, you will be rewarded with GNS.

Plattform	Kryptowährung	Staking rewards
Binance	Gains Network (GNS)	Up to 0,5 % APY

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.