Introduction
Staking XRP can be an excellent option for those who wish to hold XRP 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 XRP (XRP) Tokens
To stake XRP, you need to possess it. To obtain XRP, you'll need to purchase it. You can choose from these popular exchanges.
2. Choose a XRP Wallet
Once you have XRP, you'll need to choose a XRP wallet to store your tokens. Here are some suitable options.
3. Delegate Your XRP
We recommend using a staking pool when staking XRP. It's simpler and quicker to get started. A staking pool is a group of validators who combine their XRP, 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 XRP network. You will be rewarded with XRP 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
missing en-gb translation: common.latest-movements-copy
- Market capitalisation
- US$131.18B
- 24-hour volume
- US$5.17B
- Circulating supply
- 57.45B XRP
XRP
ADA
BCH
BNB
BTC
DOGE
ETH
FIGR_HELOC
LINK
SOL
STETH
TRX
USDC
