Introduction

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

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

   Plattform	Kryptowährung	Price
   Binance	Reef (REEF)	0,000688 APY
   BingX	Reef (REEF)	0,0004311 APY
   Bitget	Reef (REEF)	0 APY
   Bitmart	Reef (REEF)	0,0001476 APY
   Bitpanda	Reef (REEF)	0 APY
   Bybit	Reef (REEF)	0,0004742 APY

   View all 22 prices

2. 2. Select a Reef Wallet

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

3. 3. Delegate Your REEF

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

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.