Introduction

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

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

   Plattform	Kryptowährung	Price
   Binance	NKN (NKN)	0,01 APY
   Coinbase	NKN (NKN)	0,01 APY
   BingX	NKN (NKN)	0,01 APY
   Bitget	NKN (NKN)	0,01 APY
   Bitmart	NKN (NKN)	0,03 APY
   Bitpanda	NKN (NKN)	0,11 APY

   View all 30 prices

2. 2. Select a NKN Wallet

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

3. 3. Delegate Your NKN

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

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.