How to Stake Akash Network (AKT) in the UK

Introduction

Staking Akash Network can be an excellent option for those who wish to hold AKT 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 Akash Network (AKT) Tokens

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

   Platform	Coin	Price
   Coinbase	Akash Network (AKT)	0.37
   Uphold	Akash Network (AKT)	1.38
   Bake	Akash Network (AKT)	0.37
   BingX	Akash Network (AKT)	0.37
   Bitmart	Akash Network (AKT)	0.37
   Bitpanda	Akash Network (AKT)	4.24

   View all 27 prices

2. 2. Choose a Akash Network Wallet

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

   Platform	Coin	Staking rewards
   Bitpanda	Akash Network (AKT)	Up to 10% AER
   Chainode Tech	Akash Network (AKT)	Up to 9.8% AER

   View all 9 staking rewards

3. 3. Delegate Your AKT

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