How to Stake Internet Computer (ICP) in the UK

Introduction

Staking Internet Computer can be an excellent option for those who wish to hold ICP 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 Internet Computer (ICP) Tokens

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

   Platform	Coin	Price
   PrimeXBT	Internet Computer (ICP)	3.02
   YouHodler	Internet Computer (ICP)	3.02
   Binance	Internet Computer (ICP)	3.03
   Coinbase	Internet Computer (ICP)	3.02
   Kraken	Internet Computer (ICP)	3.02
   OKX	Internet Computer (ICP)	5.15

   View all 54 prices

2. 2. Choose a Internet Computer Wallet

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

   Platform	Coin	Staking rewards
   Binance	Internet Computer (ICP)	Up to 3.92% AER
   Bitmart	Internet Computer (ICP)	Up to 1% AER

   View all 4 staking rewards

3. 3. Delegate Your ICP

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