How to Stake Self Chain (SLF) in the UK

Introduction

Staking Self Chain can be an excellent option for those who wish to hold SLF 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 Self Chain (SLF) Tokens

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

   Platform	Coin	Price
   Binance	Self Chain (SLF)	0.04
   BTSE	Self Chain (SLF)	0.07
   BingX	Self Chain (SLF)	0.04
   Bitget	Self Chain (SLF)	0.04
   Bitmart	Self Chain (SLF)	0.04
   Bitpanda	Self Chain (SLF)	0.47

   View all 27 prices

2. 2. Choose a Self Chain Wallet

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

   Platform	Coin	Staking rewards
   Binance	Self Chain (SLF)	Up to 18.9% AER

3. 3. Delegate Your SLF

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