How to Stake Hedera (HBAR): A Step-by-Step Guide

Introduction

Staking Hedera can be a great option for those who want to hold HBAR 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. Obtain Hedera (HBAR) Tokens
In order to stake Hedera, you need to have it. To obtain Hedera, you'll need to purchase it. You can choose from these popular exchanges.
Platform Coin Price
Uphold Hedera (HBAR) 0.28
OKX Hedera (HBAR) 0.28
Binance Hedera (HBAR) 0.28
Coinbase Hedera (HBAR) 0.28
Bitget Hedera (HBAR) 0.28
BingX Hedera (HBAR) 0.28
See all 26 prices
2. Choose a Hedera Wallet
Once you have HBAR, you’ll need to choose a Hedera wallet to store your tokens. Here are some good options.
Platform Coin Staking rewards
Uphold Hedera (HBAR) Up to 0.18 APY
3. Delegate Your HBAR
We recommend using a staking pool when staking HBAR. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their HBAR, which gives them a higher chance of validating transactions and earning rewards. You can do this through your wallet’s interface.
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 Hedera network. You’ll be rewarded with HBAR for these validations.

Platform	Coin	Price
Uphold	Hedera (HBAR)	0.28
OKX	Hedera (HBAR)	0.28
Binance	Hedera (HBAR)	0.28
Coinbase	Hedera (HBAR)	0.28
Bitget	Hedera (HBAR)	0.28
BingX	Hedera (HBAR)	0.28

Platform	Coin	Staking rewards
Uphold	Hedera (HBAR)	Up to 0.18 APY

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.

Latest Movements

Hedera (HBAR) is currently priced at $0.18 with a 24-hour trading volume of $1.07B. The market cap of Hedera stands at $10.87B, with $38.26B HBAR in circulation. For those looking to buy or trade Hedera, Uphold offers avenues to do so securely and efficiently}

Market cap: $10.87B
24h volume: $1.07B
Circulating supply: $38.26B

See latest information

Frequently Asked Questions About Staking Hedera (HBAR)

What is Hedera (HBAR) staking?: Hedera staking involves holding HBAR tokens in a wallet to support network operations, like validating transactions. As a reward, stakers earn additional HBAR tokens, helping maintain the network's security and efficiency. Stay informed about the latest rates and methods using tools on Bitcompare.
How can I start staking HBAR?: To start staking HBAR, select a compatible wallet and delegate your tokens to a node. Research reliable exchanges using Bitcompare to ensure you choose the best options for staking HBAR.
What are the benefits of staking HBAR?: When you stake HBAR, you contribute to the security of the Hedera network and earn rewards. Keep up-to-date with Bitcompare's real-time price comparisons and alerts to maximize benefits.
Are there any risks in staking HBAR?: While staking HBAR is generally considered safe, it's crucial to stay updated on security measures and use reputable platforms. Bitcompare offers insights into trusted exchanges and security tips.
How do staking rewards work for HBAR?: Staking rewards in HBAR are earned through participating in network processes. Use Bitcompare for the latest updates on reward rates and policies to make informed decisions.
Can I unstake my HBAR anytime?: Flexibility depends on the platform. Some allow HBAR unstaking anytime, others impose lock-up periods. Check requirements via Bitcompare's exchange reviews to select what best suits you.
How can I stay updated on HBAR staking changes?: Stay updated by visiting Bitcompare for real-time price comparisons, email alerts, sentiment analysis, and the latest Hedera news events. Bookmark the page for easy access.
Why use Bitcompare for HBAR staking insights?: Bitcompare provides comprehensive tools like rate comparisons and news updates, vital for navigating the volatile crypto market. Use these resources to stay informed and secure the best staking opportunities.