How to Stake aelf (ELF) in the UK

Introduction

Staking aelf can be an excellent option for those who wish to hold ELF 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 aelf (ELF) Tokens

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

   Platform	Coin	Price
   Binance	aelf (ELF)	0.23
   OKX	aelf (ELF)	0.25
   Uphold	aelf (ELF)	0.22
   Bake	aelf (ELF)	0.08
   BingX	aelf (ELF)	0.2
   Bitget	aelf (ELF)	0.11

   View all 25 prices

2. 2. Choose a aelf Wallet

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

3. 3. Delegate Your ELF

   We recommend using a staking pool when staking ELF. It's simpler and quicker to get started. A staking pool is a group of validators who combine their ELF, 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 aelf network. You will be rewarded with ELF 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.