How to Stake Filecoin (FIL) in the UK

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. 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.

   Platform	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

   View all 46 prices

2. 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.

   Platform	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

   View all 6 staking rewards

3. 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. 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.