How to Stake IRISnet (IRIS) in the UK

Introduction

Staking IRISnet can be an excellent option for those who wish to hold IRIS 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 IRISnet (IRIS) Tokens

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

   Platform	Coin	Price
   Binance	IRISnet (IRIS)	0.01
   Bitpanda	IRISnet (IRIS)	0.01
   CoinEx	IRISnet (IRIS)	0.00043
   Crypto.com	IRISnet (IRIS)	0.01
   Gate.io	IRISnet (IRIS)	0.000922

   View all 7 prices

2. 2. Choose a IRISnet Wallet

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

   Platform	Coin	Staking rewards
   Moonstake	IRISnet (IRIS)	Up to 6.83% AER
   Stakewolle	IRISnet (IRIS)	Up to 9.83% AER
   Stakin	IRISnet (IRIS)	Up to 11.78% AER

   View all 6 staking rewards

3. 3. Delegate Your IRIS

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