Introduction
Staking Cosmos Hub can be a great option for those who want to hold ATOM but earn yield in a safe way whilst contributing to the network. The steps can be a bit daunting, particularly the first time you do them. That’s why we’ve put this guide together for you.
Step-by-Step Guide
1. Obtain Cosmos Hub (ATOM) Tokens
To stake Cosmos Hub, you need to have it. To obtain Cosmos Hub, you'll need to purchase it. You can choose from these popular exchanges.
See all 36 pricesPlatform Coin Price Nexo Cosmos Hub (ATOM) 6.58 PrimeXBT Cosmos Hub (ATOM) 6.56 M2 Cosmos Hub (ATOM) 6.56 Uphold Cosmos Hub (ATOM) 6.56 Kraken Cosmos Hub (ATOM) 6.63 OKX Cosmos Hub (ATOM) 6.56 2. Choose a Cosmos Hub Wallet
Once you have ATOM, you’ll need to choose a Cosmos Hub wallet to store your tokens. Here are some good options.
See all 17 staking rewardsPlatform Coin Staking rewards Uphold Cosmos Hub (ATOM) Up to 11 AER YouHodler Cosmos Hub (ATOM) Up to 12 AER Bitget Cosmos Hub (ATOM) Up to 17 AER Binance Cosmos Hub (ATOM) Up to 10.5 AER Bitmart Cosmos Hub (ATOM) Up to 1.2 AER 3. Delegate Your ATOM
We recommend using a staking pool when staking ATOM. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their ATOM, which gives them a higher chance of validating transactions and earning rewards. You can do this through your wallet’s interface.
4. Start Validating
You'll need to wait for your deposit to be confirmed by your wallet. Once it's confirmed, you'll automatically validate transactions on the Cosmos Hub network. You'll be rewarded with ATOM 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
Cosmos Hub (ATOM) is currently priced at US$17 with a 24-hour trading volume of US$184.61M. The market cap of Cosmos Hub stands at US$2.52B, with US$390.69M ATOM in circulation. For those looking to purchase or trade Cosmos Hub, Uphold offers avenues to do so securely and efficiently}
- Market capitalisation
- US$2.52B
- 24-hour volume
- US$184.61M
- Circulating supply
- US$390.69M