Introduction

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

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

   Plattform	Kryptowährung	Price
   Binance	Litentry (LIT)	0,74 APY
   Coinbase	Litentry (LIT)	0,47 APY
   Uphold	Litentry (LIT)	0,58 APY
   BingX	Litentry (LIT)	0,95 APY
   Bitget	Litentry (LIT)	0,74 APY
   Bitmart	Litentry (LIT)	0,74 APY

   View all 28 prices

2. 2. Select a Litentry Wallet

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

3. 3. Delegate Your LIT

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

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.