Introduction

Staking Merlin Chain can be an excellent choice for those looking to hold MERL 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 Merlin Chain (MERL) Tokens

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

   Plattform	Kryptowährung	Price
   PrimeXBT	Merlin Chain (MERL)	0,31 APY
   BTSE	Merlin Chain (MERL)	0,31 APY
   Kraken	Merlin Chain (MERL)	0,31 APY
   OKX	Merlin Chain (MERL)	0,11 APY
   BingX	Merlin Chain (MERL)	0,31 APY
   Bitget	Merlin Chain (MERL)	0,31 APY

   View all 32 prices

2. 2. Select a Merlin Chain Wallet

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

3. 3. Delegate Your MERL

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

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.