How to Stake Wanchain (WAN)

Introduction

Staking Wanchain can be an excellent choice for those looking to hold WAN 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 Wanchain (WAN) Tokens

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

   Plattform	Kryptowährung	Price
   Binance	Wanchain (WAN)	0,07 APY
   Bitpanda	Wanchain (WAN)	0,22 APY
   CoinEx	Wanchain (WAN)	0,07 APY
   HTX	Wanchain (WAN)	0,07 APY
   Kucoin	Wanchain (WAN)	0,07 APY

   View all 9 prices

2. 2. Select a Wanchain Wallet

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

   Plattform	Kryptowährung	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 started. A staking pool is a collective of validators who pool their WAN, 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 Wanchain network. For these validations, you will be rewarded with WAN.

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.