How to Stake Maker (MKR) in the UK

Introduction

Staking Maker can be an excellent option for those who wish to hold MKR 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 Maker (MKR) Tokens

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

   Platform	Coin	Price
   Nexo	Maker (MKR)	2,224.69
   PrimeXBT	Maker (MKR)	1,675.3
   YouHodler	Maker (MKR)	1,814.61
   Binance	Maker (MKR)	1,817.7
   BTSE	Maker (MKR)	1,790.92
   Coinbase	Maker (MKR)	1,517.57

   View all 71 prices

2. 2. Choose a Maker Wallet

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

   Platform	Coin	Staking rewards
   YouHodler	Maker (MKR)	Up to 7% AER

3. 3. Delegate Your MKR

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