Introduction
Staking Klaytn can be an excellent option for those who wish to hold KLAY 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 Klaytn (KLAY) Tokens
To stake Klaytn, you need to possess it. To obtain Klaytn, you'll need to purchase it. You can choose from these popular exchanges.
View all 5 pricesPlatform Coin Price Binance Klaytn (KLAY) 0.13 Uphold Klaytn (KLAY) 0.26 Kucoin Klaytn (KLAY) 0.12 Probit Klaytn (KLAY) 0.1 2. Choose a Klaytn Wallet
Once you have KLAY, you'll need to choose a Klaytn wallet to store your tokens. Here are some suitable options.
3. Delegate Your KLAY
We recommend using a staking pool when staking KLAY. It's simpler and quicker to get started. A staking pool is a group of validators who combine their KLAY, 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 Klaytn network. You will be rewarded with KLAY 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.
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