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Staking FTX can be an excellent option for those who wish to hold FTT 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.
To stake FTX, you need to possess it. To obtain FTX, you'll need to purchase it. You can choose from these popular exchanges.
Once you have FTT, you'll need to choose a FTX wallet to store your tokens. Here are some suitable options.
We recommend using a staking pool when staking FTT. It's simpler and quicker to get started. A staking pool is a group of validators who combine their FTT, which increases their chances of validating transactions and earning rewards. You can do this through your wallet's interface.
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 FTX network. You will be rewarded with FTT for these validations.
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.
