How to Stake Litecoin (LTC) in the UK

Introduction

Staking Litecoin can be an excellent option for those who wish to hold LTC 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 Litecoin (LTC) Tokens

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

   Platform	Coin	Price
   Nexo	Litecoin (LTC)	78.64
   PrimeXBT	Litecoin (LTC)	78.54
   YouHodler	Litecoin (LTC)	78.48
   Binance	Litecoin (LTC)	78.59
   BTSE	Litecoin (LTC)	78.55
   Kraken	Litecoin (LTC)	78.5

   View all 61 prices

2. 2. Choose a Litecoin Wallet

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

   Platform	Coin	Staking rewards
   YouHodler	Litecoin (LTC)	Up to 15% AER

3. 3. Delegate Your LTC

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