Introduction
Staking Filecoin can be an excellent option for those who wish to hold FIL 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 Filecoin (FIL) Tokens
To stake Filecoin, you need to possess it. To obtain Filecoin, you'll need to purchase it. You can choose from these popular exchanges.
View all 46 pricesPlatform Coin Price PrimeXBT Filecoin (FIL) 1.33 YouHodler Filecoin (FIL) 1.34 Binance Filecoin (FIL) 1.34 BTSE Filecoin (FIL) 1.34 OKX Filecoin (FIL) 1.34 Uphold Filecoin (FIL) 2.66 2. Choose a Filecoin Wallet
Once you have FIL, you'll need to choose a Filecoin wallet to store your tokens. Here are some suitable options.
View all 6 staking rewardsPlatform Coin Staking rewards YouHodler Filecoin (FIL) Up to 7% AER Binance Filecoin (FIL) Up to 2.5% AER Bitmart Filecoin (FIL) Up to 0.6% AER 3. Delegate Your FIL
We recommend using a staking pool when staking FIL. It's simpler and quicker to get started. A staking pool is a group of validators who combine their FIL, 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 Filecoin network. You will be rewarded with FIL 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
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- Market capitalisation
- US$3.14B
- 24-hour volume
- US$292.89M
- Circulating supply
- 620.26M FIL



