Earn up to
0,63% APY on your investments.
An in-depth guide on how to stake Algorand (ALGO) in Spain
We have a lot of data on staking Algorand (ALGO) and we are excited to share some of this information with you.
We present you with some staking options with other cryptocurrencies that might catch your attention.
Algorand (ALGO) is currently priced at US$4.36 with a 24-hour trading volume of US$184.78M. The market cap of Algorand stands at US$2.87B, with 8,36B ALGO in circulation. For those looking to buy or trade Algorand, Atomic Wallet offers avenues to do so securely and efficiently
Staking Algorand can be an excellent choice for those looking to hold ALGO while earning APY in a secure manner and supporting the network. The process may seem a bit overwhelming, particularly if it's your first time. That's why we've created this guide to assist you.
To stake Algorand, you first need to acquire it. To obtain Algorand, you'll have to buy it. You can select from these well-known exchanges.
| Plataforma | Cripto | Price |
|---|---|---|
| Nexo | Algorand (ALGO) | 0,13 APY |
| PrimeXBT | Algorand (ALGO) | 0,13 APY |
| Binance | Algorand (ALGO) | 0,13 APY |
| BTSE | Algorand (ALGO) | 0,13 APY |
| Coinbase | Algorand (ALGO) | 0,13 APY |
| OKX | Algorand (ALGO) | 0,24 APY |
Once you have ALGO, you'll need to choose a Algorand wallet to securely store your tokens. Here are some solid options to consider.
| Plataforma | Cripto | Staking rewards |
|---|---|---|
| Atomic Wallet | Algorand (ALGO) | Hasta 0,63% APY |
| Binance | Algorand (ALGO) | Hasta 4,37% APY |
We recommend using a staking pool when staking ALGO. It's simpler and faster to get started. A staking pool is a group of validators who combine their ALGO, which increases their chances of validating transactions and earning rewards. You can manage this through your wallet's interface.
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 Algorand network. You'll be rewarded with ALGO for these validations.
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 will need to generate blocks, and this process can take some time.
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