Introduction

Staking THORChain can be an excellent choice for those looking to hold RUNE 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 THORChain (RUNE) Tokens

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

   Plattform	Kryptowährung	Price
   Nexo	THORChain (RUNE)	0,57 APY
   PrimeXBT	THORChain (RUNE)	0,57 APY
   Binance	THORChain (RUNE)	0,57 APY
   Coinbase	THORChain (RUNE)	5,44 APY
   Kraken	THORChain (RUNE)	0,57 APY
   Uphold	THORChain (RUNE)	1,17 APY

   View all 40 prices

2. 2. Select a THORChain Wallet

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

3. 3. Delegate Your RUNE

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

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.