Introduction
Staking ApeCoin can be an excellent option for those who wish to hold APE 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. Obtain ApeCoin (APE) Tokens
To stake ApeCoin, you need to possess it. To obtain ApeCoin, you'll need to purchase it. You can choose from these popular exchanges.
View all 36 pricesPlatform Coin Price Nexo ApeCoin (APE) 0.6 PrimeXBT ApeCoin (APE) 0.61 Uphold ApeCoin (APE) 0.7 Bake ApeCoin (APE) 0.61 BingX ApeCoin (APE) 0.61 Bitfinex ApeCoin (APE) 0.6 2. Choose a ApeCoin Wallet
Once you have APE, you'll need to choose a ApeCoin wallet to store your tokens. Here are some suitable options.
Platform Coin Staking rewards Bitpanda ApeCoin (APE) Up to 15% AER 3. Delegate Your APE
We recommend using a staking pool when staking APE. It's simpler and quicker to get started. A staking pool is a group of validators who combine their APE, which increases their chances of validating transactions and earning rewards. You can do this through your wallet's interface.
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 ApeCoin network. You will be rewarded with APE 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.
Latest Movements in the UK
ApeCoin (APE) is currently priced at US$15.34 with a 24-hour trading volume of US$200.09M. The market cap of ApeCoin stands at US$798.44M, with 721.45M APE in circulation. For those looking to purchase or trade ApeCoin, Bitpanda offers avenues to do so securely and efficiently
- Market capitalisation
- US$798.44M
- 24-hour volume
- US$200.09M
- Circulating supply
- 721.45M APE