Introduction
Staking Euro can be an excellent option for those who wish to hold EUR 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 Euro (EUR) Tokens
To stake Euro, you need to possess it. To obtain Euro, you'll need to purchase it. You can choose from these popular exchanges.
View all 22 pricesPlatform Coin Price YouHodler Euro (EUR) 1.16 Binance Euro (EUR) 1.16 Kraken Euro (EUR) 1.16 Uphold Euro (EUR) 1.14 Bake Euro (EUR) 1.16 BingX Euro (EUR) 1.16 2. Choose a Euro Wallet
Once you have EUR, you'll need to choose a Euro wallet to store your tokens. Here are some suitable options.
3. Delegate Your EUR
We recommend using a staking pool when staking EUR. It's simpler and quicker to get started. A staking pool is a group of validators who combine their EUR, 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 Euro network. You will be rewarded with EUR 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.
