Introduction
Staking STACKS can be an excellent option for those who wish to hold stacks 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 STACKS (stacks) Tokens
To stake STACKS, you need to possess it. To obtain STACKS, you'll need to purchase it. You can choose from these popular exchanges.
View all 21 pricesPlatform Coin Price Uphold STACKS (stacks) 0.79 BingX STACKS (stacks) 0.65 Bitget STACKS (stacks) 0.65 Bitmart STACKS (stacks) 0.69 Bitpanda STACKS (stacks) 2.3 Blockchain.com STACKS (stacks) 0.3 2. Choose a STACKS Wallet
Once you have stacks, you'll need to choose a STACKS wallet to store your tokens. Here are some suitable options.
Platform Coin Staking rewards Bitmart STACKS (stacks) Up to 1% AER 3. Delegate Your stacks
We recommend using a staking pool when staking stacks. It's simpler and quicker to get started. A staking pool is a group of validators who combine their stacks, 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 STACKS network. You will be rewarded with stacks 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.
Latest Movements in the UK
STACKS (stacks) is currently priced at US$1 with a 24-hour trading volume of US$97. For those looking to purchase or trade STACKS, Bitmart offers avenues to do so securely and efficiently
- 24-hour volume
- US$97