How to Stake DeFiChain (DFI) in the UK

Introduction

Staking DeFiChain can be an excellent option for those who wish to hold DFI 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 DeFiChain (DFI) Tokens

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

   Platform	Coin	Price
   Bake	DeFiChain (DFI)	0.0006412
   Bitget	DeFiChain (DFI)	0.03
   CoinEx	DeFiChain (DFI)	0
   Gate.io	DeFiChain (DFI)	0.000817
   HTX	DeFiChain (DFI)	0
   MEXC Global	DeFiChain (DFI)	0.000857

   View all 11 prices

2. 2. Choose a DeFiChain Wallet

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

   Platform	Coin	Staking rewards
   Bake	DeFiChain (DFI)	Up to 3.39% AER

3. 3. Delegate Your DFI

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