Introduction
Staking Zilliqa can be an excellent option for those who wish to hold ZIL 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 Zilliqa (ZIL) Tokens
To stake Zilliqa, you need to possess it. To obtain Zilliqa, you'll need to purchase it. You can choose from these popular exchanges.
2. Choose a Zilliqa Wallet
Once you have ZIL, you'll need to choose a Zilliqa wallet to store your tokens. Here are some suitable options.
View all 20 staking rewardsPlatform Coin Staking rewards Uphold Zilliqa (ZIL) Up to 5% AER Atomic Wallet Zilliqa (ZIL) Up to 15% AER Binance Zilliqa (ZIL) Up to 5.4% AER 3. Delegate Your ZIL
We recommend using a staking pool when staking ZIL. It's simpler and quicker to get started. A staking pool is a group of validators who combine their ZIL, 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 Zilliqa network. You will be rewarded with ZIL 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
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- Market capitalisation
- US$409.88M
- 24-hour volume
- US$36.02M
- Circulating supply
- 19.38B ZIL
