How to Stake Sky (SKY): A Comprehensive Guide for the UK

Introduction

Staking Sky can be an excellent option for those who wish to hold SKY 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 Sky (SKY) Tokens
To stake Sky, you need to possess it. To obtain Sky, you'll need to purchase it. You can choose from these popular exchanges.
Platform Coin Price
Nexo Sky (SKY) 0.06
PrimeXBT Sky (SKY) 0.06
YouHodler Sky (SKY) 0.06
Binance Sky (SKY) 0.06
Coinbase Sky (SKY) 0.06
Kraken Sky (SKY) 0.06
View all 24 prices
2. Choose a Sky Wallet
Once you have SKY, you'll need to choose a Sky wallet to store your tokens. Here are some suitable options.
Platform Coin Staking rewards
Binance Sky (SKY) Up to 12.75% AER
3. Delegate Your SKY
We recommend using a staking pool when staking SKY. It's simpler and quicker to get started. A staking pool is a group of validators who combine their SKY, 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 Sky network. You will be rewarded with SKY for these validations.

Platform	Coin	Price
Nexo	Sky (SKY)	0.06
PrimeXBT	Sky (SKY)	0.06
YouHodler	Sky (SKY)	0.06
Binance	Sky (SKY)	0.06
Coinbase	Sky (SKY)	0.06
Kraken	Sky (SKY)	0.06

Platform	Coin	Staking rewards
Binance	Sky (SKY)	Up to 12.75% 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.

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