Where and How to Stake Wanchain (WAN)

Introduction

Staking Wanchain can be a great option for those who want to hold WAN but earn yield in a safe way while contributing to the network. The steps can be a little daunting, especially the first time you do them. That's why we've put this guide together for you.

Step-by-Step Guide

1. 1. Obtain Wanchain (WAN) Tokens

   In order to stake Wanchain, you need to have it. To obtain Wanchain, you'll need to purchase it. You can choose from these popular exchanges.

   Platform	Coin	Price
   Binance	Wanchain (WAN)	0,11
   Kucoin	Wanchain (WAN)	0,11
   CoinEx	Wanchain (WAN)	0,11
   Bitpanda	Wanchain (WAN)	0,22
   HTX	Wanchain (WAN)	0,11

   See all 9 prices

2. 2. Choose a Wanchain Wallet

   Once you have WAN, you'll need to choose a Wanchain wallet to store your tokens. Here are some good options.

   Platform	Coin	Staking rewards
   Kucoin	Wanchain (WAN)	Up to 2,3 APY
   MyCointainer	Wanchain (WAN)	Up to 7,1 APY

3. 3. Delegate Your WAN

   We recommend using a staking pool when staking WAN. It's simpler and faster to get up-and-running. A staking pool is a group of validators who combine their WAN, which gives them a higher chance of validating transactions and earning rewards. You can do this through your wallet's interface.

4. 4. Start Validating

   You'll need to wait for your deposit to be confirmed by your wallet. Once it's confirmed, you'll automatically validate transactions on the Wanchain network. You'll be rewarded with WAN for these validations.

What to be Aware of

There are transaction and staking pool fees you need to consider. There can also be a waiting period before you start earning rewards. The staking pool will need to generate blocks, and this can take some time.