How to Stake FIO Protocol (FIO) in the UK

Introduction

Staking FIO Protocol can be an excellent option for those who wish to hold FIO 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 FIO Protocol (FIO) Tokens

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

   Platform	Coin	Price
   Binance	FIO Protocol (FIO)	0.01
   BingX	FIO Protocol (FIO)	0.02
   Bitpanda	FIO Protocol (FIO)	0.04
   Bybit	FIO Protocol (FIO)	0.01
   CoinEx	FIO Protocol (FIO)	0.01
   Gate.io	FIO Protocol (FIO)	0.01

   View all 17 prices

2. 2. Choose a FIO Protocol Wallet

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

   Platform	Coin	Staking rewards
   Binance	FIO Protocol (FIO)	Up to 1.9% AER
   Moonstake	FIO Protocol (FIO)	Up to 12.79% AER
   MyCointainer	FIO Protocol (FIO)	Up to 11.7% AER

   View all 5 staking rewards

3. 3. Delegate Your FIO

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