How to Stake Secret (SCRT): A Comprehensive Guide for the UK

Introduction

Staking Secret can be an excellent option for those who wish to hold SCRT 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. Obtain Secret (SCRT) Tokens
To stake Secret, you need to possess it. To obtain Secret, you'll need to purchase it. You can choose from these popular exchanges.
Platform Coin Price
Binance Secret (SCRT) 0.11
Kraken Secret (SCRT) 0.11
BingX Secret (SCRT) 0.43
Bitmart Secret (SCRT) 0.18
Bitpanda Secret (SCRT) 0.68
Bybit Secret (SCRT) 0.11
View all 24 prices
2. Choose a Secret Wallet
Once you have SCRT, you'll need to choose a Secret wallet to store your tokens. Here are some suitable options.
Platform Coin Staking rewards
Bitpanda Secret (SCRT) Up to 10% AER
MyCointainer Secret (SCRT) Up to 23.1% AER
Stakely.io Secret (SCRT) Up to 20.21% AER
View all 9 staking rewards
3. Delegate Your SCRT
We recommend using a staking pool when staking SCRT. It's simpler and quicker to get started. A staking pool is a group of validators who combine their SCRT, which increases their chances of validating transactions and earning rewards. You can do this through your wallet's interface.
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 Secret network. You will be rewarded with SCRT for these validations.

Platform	Coin	Price
Binance	Secret (SCRT)	0.11
Kraken	Secret (SCRT)	0.11
BingX	Secret (SCRT)	0.43
Bitmart	Secret (SCRT)	0.18
Bitpanda	Secret (SCRT)	0.68
Bybit	Secret (SCRT)	0.11

Platform	Coin	Staking rewards
Bitpanda	Secret (SCRT)	Up to 10% AER
MyCointainer	Secret (SCRT)	Up to 23.1% AER
Stakely.io	Secret (SCRT)	Up to 20.21% AER

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.