How to Stake Sky (SKY) in 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. 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. 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. 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. 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.

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.