How to Stake Wormhole (W)

Introduction

Staking Wormhole can be an excellent choice for those looking to hold W 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 Wormhole (W) Tokens

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

   Plattform	Kryptowährung	Price
   PrimeXBT	Wormhole (W)	0,04 APY
   YouHodler	Wormhole (W)	0,04 APY
   Binance	Wormhole (W)	0,04 APY
   BTSE	Wormhole (W)	0,04 APY
   Coinbase	Wormhole (W)	0,04 APY
   OKX	Wormhole (W)	0,08 APY

   View all 44 prices

2. 2. Select a Wormhole Wallet

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

3. 3. Delegate Your W

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

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.