Introduction

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

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

   Plattform	Kryptowährung	Price
   Kraken	JOE (JOE)	0,07 APY
   Uphold	JOE (JOE)	0,17 APY
   BingX	JOE (JOE)	0,06 APY
   Bitget	JOE (JOE)	0,06 APY
   Bitmart	JOE (JOE)	0,06 APY
   Bitpanda	JOE (JOE)	0,55 APY

   View all 17 prices

2. 2. Select a JOE Wallet

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

3. 3. Delegate Your JOE

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

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.