How to Stake Amp (AMP) in the UK

Introduction

Staking Amp can be an excellent option for those who wish to hold AMP 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 Amp (AMP) Tokens

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

   Platform	Coin	Price
   Binance	Amp (AMP)	0
   Coinbase	Amp (AMP)	0
   Uphold	Amp (AMP)	0
   BingX	Amp (AMP)	0
   Bitget	Amp (AMP)	0
   Bitmart	Amp (AMP)	0

   View all 27 prices

2. 2. Choose a Amp Wallet

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

3. 3. Delegate Your AMP

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