How to Stake Aave (AAVE) in the UK

Introduction

Staking Aave can be an excellent option for those who wish to hold AAVE while earning AER in a secure manner and contributing to the network. The process may seem a bit overwhelming, particularly the first time you undertake it. That's why we've compiled this guide for you.

Step-by-Step Guide

1. 1. Obtain Aave (AAVE) Tokens

   To stake Aave, you need to possess it. To obtain Aave, you'll need to purchase it. You can choose from these popular exchanges.

   Platform	Coin	Price
   Nexo	Aave (AAVE)	151.43
   PrimeXBT	Aave (AAVE)	151.13
   YouHodler	Aave (AAVE)	151.07
   Binance	Aave (AAVE)	151.39
   BTSE	Aave (AAVE)	151.34
   Coinbase	Aave (AAVE)	151.17

   View all 77 prices

2. 2. Choose a Aave Wallet

   Once you have AAVE, you'll need to choose a Aave wallet to store your tokens. Here are some suitable options.

   Platform	Coin	Staking rewards
   YouHodler	Aave (AAVE)	Up to 7% AER

   View all 10 staking rewards

3. 3. Delegate Your AAVE

   We recommend using a staking pool when staking AAVE. It's simpler and quicker to get started. A staking pool is a group of validators who combine their AAVE, which increases their chances of validating transactions and earning rewards. You can do 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 is confirmed, you will automatically validate transactions on the Aave network. You will be rewarded with AAVE for these validations.

What to Be Aware Of

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