Earn up to
10% APY on your investments.
An in-depth guide on how to stake Secret (SCRT) in Germany
We have extensive data on staking Secret (SCRT) and we are pleased to share some of this information with you.
We present you with various staking options featuring different coins that may pique your interest.
Secret (SCRT) is currently priced at US$20.21 with a 24-hour trading volume of US$6.68M. The market cap of Secret stands at US$129.12M, with 298,21M SCRT in circulation. For those looking to buy or trade Secret, Bitpanda offers avenues to do so securely and efficiently
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.
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) | 0,11 APY |
| Kraken | Secret (SCRT) | 0,11 APY |
| BingX | Secret (SCRT) | 0,43 APY |
| Bitmart | Secret (SCRT) | 0,18 APY |
| Bitpanda | Secret (SCRT) | 0,68 APY |
| Bybit | Secret (SCRT) | 0,11 APY |
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 |
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.
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.
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.
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