How to Stake Mina Protocol (MINA) in the UK

Introduction

Staking Mina Protocol can be an excellent option for those who wish to hold MINA 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 Mina Protocol (MINA) Tokens

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

   Platform	Coin	Price
   PrimeXBT	Mina Protocol (MINA)	0.08
   Binance	Mina Protocol (MINA)	0.08
   Coinbase	Mina Protocol (MINA)	0.11
   Kraken	Mina Protocol (MINA)	0.08
   OKX	Mina Protocol (MINA)	0.21
   Uphold	Mina Protocol (MINA)	0.22

   View all 42 prices

2. 2. Choose a Mina Protocol Wallet

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

   Platform	Coin	Staking rewards
   Binance	Mina Protocol (MINA)	Up to 5.5% AER
   Bitget	Mina Protocol (MINA)	Up to 13% AER
   Bitpanda	Mina Protocol (MINA)	Up to 6% AER
   Everstake	Mina Protocol (MINA)	Up to 7.94% AER

   View all 11 staking rewards

3. 3. Delegate Your MINA

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