How to Stake SKALE (SKL)

Introduction

Staking SKALE can be an excellent choice for those looking to hold SKL 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 SKALE (SKL) Tokens

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

   Plattform	Kryptowährung	Price
   Binance	SKALE (SKL)	0,01 APY
   BTSE	SKALE (SKL)	0,01 APY
   Coinbase	SKALE (SKL)	0,01 APY
   OKX	SKALE (SKL)	0,03 APY
   Uphold	SKALE (SKL)	0,02 APY
   Azbit	SKALE (SKL)	0,01 APY

   View all 50 prices

2. 2. Select a SKALE Wallet

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

3. 3. Delegate Your SKL

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

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.