How to Stake Pandora (PANDORA)

Introduction

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

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

   Plattform	Kryptowährung	Price
   BingX	Pandora (PANDORA)	598,25 APY
   Bitmart	Pandora (PANDORA)	905,74 APY
   CoinEx	Pandora (PANDORA)	1.102,28 APY
   Gate.io	Pandora (PANDORA)	779,8 APY
   Hotcoin	Pandora (PANDORA)	1.818,7 APY
   HTX	Pandora (PANDORA)	869 APY

   View all 13 prices

2. 2. Select a Pandora Wallet

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

   Plattform	Kryptowährung	Staking rewards
   Bitmart	Pandora (PANDORA)	Up to 1 % APY

3. 3. Delegate Your PANDORA

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

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.