How to Stake Secret (SCRT)

Introduction

Staking Secret can be an excellent choice for those looking to hold SCRT 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 Secret (SCRT) Tokens

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

   Plattform	Kryptowährung	Price
   Binance	Secret (SCRT)	0,21 APY
   Kraken	Secret (SCRT)	0,21 APY
   BingX	Secret (SCRT)	0,43 APY
   Bitmart	Secret (SCRT)	0,18 APY
   Bitpanda	Secret (SCRT)	0,68 APY
   Bybit	Secret (SCRT)	0,21 APY

   View all 24 prices

2. 2. Select a Secret Wallet

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

   Plattform	Kryptowährung	Staking rewards
   Bitpanda	Secret (SCRT)	Up to 10 % APY
   MyCointainer	Secret (SCRT)	Up to 23,1 % APY
   Stakely.io	Secret (SCRT)	Up to 20,21 % APY

   Discover all 9 staking rewards available

3. 3. Delegate Your SCRT

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

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.