How to Stake Wanchain (WAN) in the UK

Introduction

Staking Wanchain can be an excellent option for those who wish to hold WAN 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 Wanchain (WAN) Tokens

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

   Platform	Coin	Price
   Binance	Wanchain (WAN)	0.07
   Bitpanda	Wanchain (WAN)	0.22
   CoinEx	Wanchain (WAN)	0.07
   HTX	Wanchain (WAN)	0.07
   Kucoin	Wanchain (WAN)	0.07

   View all 9 prices

2. 2. Choose a Wanchain Wallet

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

   Platform	Coin	Staking rewards
   Kucoin	Wanchain (WAN)	Up to 2.3% AER
   MyCointainer	Wanchain (WAN)	Up to 7.1% AER

3. 3. Delegate Your WAN

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