How to Stake MultiversX (EGLD)

Introduction

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

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

   Plattform	Kryptowährung	Price
   PrimeXBT	MultiversX (EGLD)	6,21 APY
   YouHodler	MultiversX (EGLD)	6,21 APY
   Binance	MultiversX (EGLD)	6,21 APY
   BTSE	MultiversX (EGLD)	6,22 APY
   Coinbase	MultiversX (EGLD)	6,21 APY
   Kraken	MultiversX (EGLD)	6,26 APY

   View all 53 prices

2. 2. Select a MultiversX Wallet

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

   Plattform	Kryptowährung	Staking rewards
   Atomic Wallet	MultiversX (EGLD)	Up to 9,4 % APY
   Binance	MultiversX (EGLD)	Up to 3,1 % APY
   Bitget	MultiversX (EGLD)	Up to 8,5 % APY

   Discover all 13 staking rewards available

3. 3. Delegate Your EGLD

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

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.