Introduction

Staking Steem can be an excellent choice for those looking to hold STEEM 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 Steem (STEEM) Tokens

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

   Plattform	Kryptowährung	Price
   Binance	Steem (STEEM)	0,1 APY
   BingX	Steem (STEEM)	0,13 APY
   Bybit	Steem (STEEM)	0,1 APY
   CoinEx	Steem (STEEM)	0,1 APY
   Gate.io	Steem (STEEM)	0,1 APY
   Hotcoin	Steem (STEEM)	0,13 APY

   View all 20 prices

2. 2. Select a Steem Wallet

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

3. 3. Delegate Your STEEM

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

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.