How to Stake Razor Network (RAZOR)

Introduction

Staking Razor Network can be an excellent choice for those looking to hold RAZOR 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 Razor Network (RAZOR) Tokens

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

   Plattform	Kryptowährung	Price
   Gate.io	Razor Network (RAZOR)	0,000821 APY
   MEXC Global	Razor Network (RAZOR)	0,0007749 APY

   View all 4 prices

2. 2. Select a Razor Network Wallet

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

   Plattform	Kryptowährung	Staking rewards
   Stakin	Razor Network (RAZOR)	Up to 10,79 % APY

3. 3. Delegate Your RAZOR

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

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.