How to Stake Chainlink (LINK) in the UK

Introduction

Staking Chainlink can be an excellent option for those who wish to hold LINK 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 Chainlink (LINK) Tokens

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

   Platform	Coin	Price
   Nexo	Chainlink (LINK)	12.82
   PrimeXBT	Chainlink (LINK)	12.8
   YouHodler	Chainlink (LINK)	12.79
   Binance	Chainlink (LINK)	12.79
   BTSE	Chainlink (LINK)	12.79

   View all 73 prices

2. 2. Choose a Chainlink Wallet

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

   Platform	Coin	Staking rewards
   YouHodler	Chainlink (LINK)	Up to 9% AER

3. 3. Delegate Your LINK

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