Recent Developments
- Market capitalization
- US$240.24M
- 24h Handelsvolumen
- US$25.36M
- Circulating supply
- 9B XEM
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Staking NEM can be an excellent choice for those looking to hold XEM 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.
To stake NEM, you first need to acquire it. To obtain NEM, you'll need to purchase it. You can choose from these well-known exchanges available in Germany.
Once you have XEM, you'll need to select a NEM wallet to securely store your tokens. Here are some solid options to consider.
We recommend using a staking pool when staking XEM. It's simpler and faster to get started. A staking pool is a collective of validators who pool their XEM, which increases their chances of validating transactions and earning rewards. You can manage this through your wallet's interface.
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 NEM network. For these validations, you will be rewarded with XEM.
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.
