How to Stake PayPal USD (PYUSD)

Introduction

Staking PayPal USD can be an excellent choice for those looking to hold PYUSD 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 PayPal USD (PYUSD) Tokens

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

   Plattform	Kryptowährung	Price
   YouHodler	PayPal USD (PYUSD)	1 APY
   Coinbase	PayPal USD (PYUSD)	1 APY
   Kraken	PayPal USD (PYUSD)	1 APY
   OKX	PayPal USD (PYUSD)	1 APY
   Uphold	PayPal USD (PYUSD)	1 APY
   BingX	PayPal USD (PYUSD)	1 APY

   View all 29 prices

2. 2. Select a PayPal USD Wallet

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

   Plattform	Kryptowährung	Staking rewards
   YouHodler	PayPal USD (PYUSD)	Up to 12 % APY

3. 3. Delegate Your PYUSD

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

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.