How to Stake IOST (IOST)

Introduction

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

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

   Plattform	Kryptowährung	Price
   EarnPark	IOST (IOST)	0,01 APY
   Binance	IOST (IOST)	0 APY
   OKX	IOST (IOST)	0 APY
   BingX	IOST (IOST)	0 APY
   Bitget	IOST (IOST)	0 APY
   Bitmart	IOST (IOST)	0 APY

   View all 35 prices

2. 2. Select a IOST Wallet

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

   Plattform	Kryptowährung	Staking rewards
   Binance	IOST (IOST)	Up to 2,3 % APY
   Bitget	IOST (IOST)	Up to 4 % APY

   Discover all 6 staking rewards available

3. 3. Delegate Your IOST

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

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.