How to Stake Picasso (PICA)

Introduction

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

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

   Plattform	Kryptowährung	Price
   BingX	Picasso (PICA)	0,000063 APY
   CoinEx	Picasso (PICA)	0,00001302 APY
   Gate.io	Picasso (PICA)	0,00001404 APY

   View all 6 prices

2. 2. Select a Picasso Wallet

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

   Plattform	Kryptowährung	Staking rewards
   Stakewolle	Picasso (PICA)	Up to 12 % APY

3. 3. Delegate Your PICA

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

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.