How to Stake IRISnet (IRIS): A Comprehensive Guide for 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. 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) 0.000516
Crypto.com IRISnet (IRIS) 0.01
Gate.io IRISnet (IRIS) 0.0005151
View all 7 prices
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. 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. 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.

Platform	Coin	Price
Binance	IRISnet (IRIS)	0.01
Bitpanda	IRISnet (IRIS)	0.01
CoinEx	IRISnet (IRIS)	0.000516
Crypto.com	IRISnet (IRIS)	0.01
Gate.io	IRISnet (IRIS)	0.0005151

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

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.