How to Stake iExec RLC (RLC)

Introduction

Staking iExec RLC can be an excellent choice for those looking to hold RLC 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 iExec RLC (RLC) Tokens

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

   Plattform	Kryptowährung	Price
   Binance	iExec RLC (RLC)	0,65 APY
   Coinbase	iExec RLC (RLC)	0,65 APY
   Kraken	iExec RLC (RLC)	0,65 APY
   BingX	iExec RLC (RLC)	2,07 APY
   Bitget	iExec RLC (RLC)	0,65 APY
   Bitmart	iExec RLC (RLC)	0,84 APY

   View all 32 prices

2. 2. Select a iExec RLC Wallet

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

   Plattform	Kryptowährung	Staking rewards
   Bitmart	iExec RLC (RLC)	Up to 1 % APY

3. 3. Delegate Your RLC

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

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.