How to Stake AltLayer (ALT) in the UK

Introduction

Staking AltLayer can be an excellent option for those who wish to hold ALT 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 AltLayer (ALT) Tokens

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

   Platform	Coin	Price
   PrimeXBT	AltLayer (ALT)	0.01
   Binance	AltLayer (ALT)	0.01
   Coinbase	AltLayer (ALT)	0.01
   Bybit	AltLayer (ALT)	0.01
   Crypto.com	AltLayer (ALT)	0.01
   FMFW.io	AltLayer (ALT)	0.02

   View all 22 prices

2. 2. Choose a AltLayer Wallet

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

   Platform	Coin	Staking rewards
   Binance	AltLayer (ALT)	Up to 8.9% AER

3. 3. Delegate Your ALT

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