How to Stake 1inch (1INCH): A Comprehensive Guide for Indian Investors

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.
Platform Coin Cost
Nexo 1inch (1INCH) 0.16
PrimeXBT 1inch (1INCH) 0.16
YouHodler 1inch (1INCH) 0.16
Binance 1inch (1INCH) 0.16
BTSE 1inch (1INCH) 0.16
Coinbase 1inch (1INCH) 0.16
See all 61 rates
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.

Platform	Coin	Cost
Nexo	1inch (1INCH)	0.16
PrimeXBT	1inch (1INCH)	0.16
YouHodler	1inch (1INCH)	0.16
Binance	1inch (1INCH)	0.16
BTSE	1inch (1INCH)	0.16
Coinbase	1inch (1INCH)	0.16

Platform	Coin	Staking rewards in India
Binance	1inch (1INCH)	Up to 0.2% APY

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.