Introduction

Staking Merit Circle can be an excellent choice for those looking to hold MC 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 Merit Circle (MC) Tokens

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

   Plattform	Kryptowährung	Price
   Binance	Merit Circle (MC)	0,49 APY
   Kraken	Merit Circle (MC)	0,04 APY
   Bitget	Merit Circle (MC)	0,07 APY
   Bitpanda	Merit Circle (MC)	0,48 APY
   Gate.io	Merit Circle (MC)	0,45 APY

   View all 7 prices

2. 2. Select a Merit Circle Wallet

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

3. 3. Delegate Your MC

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

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.