How to Stake Horizen (ZEN)

Introduction

Staking Horizen can be an excellent choice for those looking to hold ZEN 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 Horizen (ZEN) Tokens

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

   Plattform	Kryptowährung	Price
   Binance	Horizen (ZEN)	8,31 APY
   Coinbase	Horizen (ZEN)	8,32 APY
   BingX	Horizen (ZEN)	11,52 APY
   Bitget	Horizen (ZEN)	8,31 APY
   Bitmart	Horizen (ZEN)	8,3 APY
   Bitpanda	Horizen (ZEN)	14,97 APY

   View all 26 prices

2. 2. Select a Horizen Wallet

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

   Plattform	Kryptowährung	Staking rewards
   MyCointainer	Horizen (ZEN)	Up to 5,78 % APY

3. 3. Delegate Your ZEN

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

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.