Introduction
Staking 1inch can be an excellent choice for those looking to hold 1INCH while earning returns in a secure manner and supporting the network. The process may seem a bit overwhelming, particularly for first-timers. That's why we've created this guide specifically for you.
Step-by-Step Guide for Indian Investors
1. Acquire 1inch (1INCH) Tokens in India
To stake 1inch, you first need to acquire it. To obtain 1inch, you will have to purchase it from a cryptocurrency exchange. You can select from these popular platforms available in India.
See all 61 ratesPlatform Coin Cost Nexo 1inch (1INCH) 0.15 PrimeXBT 1inch (1INCH) 0.15 YouHodler 1inch (1INCH) 0.15 Binance 1inch (1INCH) 0.15 BTSE 1inch (1INCH) 0.15 Coinbase 1inch (1INCH) 0.15 2. Choose a 1inch Wallet in India
Once you have 1INCH, you'll need to choose a 1inch wallet to securely store your tokens. Here are some reliable options available in India.
Platform Coin Staking rewards in India Binance 1inch (1INCH) Up to 0.2% APY 3. Delegate Your 1INCH in India
We recommend using a staking pool when staking 1INCH. It's simpler and quicker to get started. A staking pool is a collective of validators who combine their 1INCH, increasing their chances of validating transactions and earning rewards. You can easily 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's confirmed, you will automatically validate transactions on the 1inch network. For these validations, you will be rewarded with 1INCH.
What to Keep in Mind
When engaging in staking, it's important to factor in transaction fees and staking pool charges. Additionally, there may be a waiting period before you begin to earn rewards. The staking pool must generate blocks, which can take some time to accomplish.
Latest Trends in India
1inch (1INCH) is currently priced at $0.2 with a 24-hour trading volume of $7.32Cr. The market cap of 1inch stands at $53.42Cr, with 139.74Cr 1INCH in circulation. For those looking to buy or trade 1inch, Binance offers avenues to do so securely and efficiently
- Market capitalization
- $53.42Cr
- 24-hour trading volume
- $7.32Cr
- Circulating supply in the market
- 139.74Cr 1INCH
