How to Stake Nillion (NIL) in the UK

Introduction

Staking Nillion can be an excellent option for those who wish to hold NIL 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 Nillion (NIL) Tokens

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

   Platform	Coin	Price
   Binance	Nillion (NIL)	0.19
   Kraken	Nillion (NIL)	0.19
   BingX	Nillion (NIL)	0.19
   Bitget	Nillion (NIL)	0.19
   Bitmart	Nillion (NIL)	0.34
   Bybit	Nillion (NIL)	0.19

   View all 17 prices

2. 2. Choose a Nillion Wallet

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

   Platform	Coin	Staking rewards
   Stakin	Nillion (NIL)	Up to 22.3% AER

3. 3. Delegate Your NIL

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