How to Stake Raydium (RAY) in the UK

Introduction

Staking Raydium can be an excellent option for those who wish to hold RAY 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 Raydium (RAY) Tokens

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

   Platform	Coin	Price
   YouHodler	Raydium (RAY)	0.91
   Binance	Raydium (RAY)	0.91
   Kraken	Raydium (RAY)	0.91
   OKX	Raydium (RAY)	0.9
   Uphold	Raydium (RAY)	2.39
   Azbit	Raydium (RAY)	0.91

   View all 46 prices

2. 2. Choose a Raydium Wallet

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

   Platform	Coin	Staking rewards
   YouHodler	Raydium (RAY)	Up to 15% AER
   Binance	Raydium (RAY)	Up to 5.23% AER

   View all 4 staking rewards

3. 3. Delegate Your RAY

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