Where and how to stake Acala (ACA)

Introduction

Staking Acala can be a great option for those who wish to hold ACA while earning yield in a safe manner and contributing to the network. The steps can be somewhat daunting, especially the first time you do them. That’s why we have put together this guide for you.

Step-by-Step Guide

1. 1. Acquire Acala (ACA) Tokens

   To stake Acala, you need to have it. To obtain Acala, you'll need to buy it. You can choose from these popular exchanges.

   Platform	Coin	Price
   Bitpanda	Acala (ACA)	0.08
   Kraken	Acala (ACA)	0.08
   OKX	Acala (ACA)	0.08
   Binance	Acala (ACA)	0.08
   Bitmart	Acala (ACA)	0.08
   MEXC Global	Acala (ACA)	0.08

   See all 13 prices

2. 2. Select a Acala Wallet

   Once you have ACA, you’ll need to choose a Acala wallet to store your tokens. Here are some good options.

   Platform	Coin	Staking rewards
   Bitget	Acala (ACA)	Up to 10.00 APY
   Binance	Acala (ACA)	Up to 7.90 APY

3. 3. Delegate Your ACA

   We suggest using a staking pool for staking ACA. It's easier and quicker to get started. A staking pool is a collection of validators who combine their ACA, which increases their odds of validating transactions and earning rewards. You can do this through your wallet’s interface.

4. 4. Start Validating

   You'll have to wait for your deposit to be confirmed by your wallet. Once it's confirmed, you'll automatically validate transactions on the Acala network. You'll be rewarded with ACA for these validations.

What to Keep in Mind

You need to keep in mind the transaction and staking pool fees. Additionally, there might be a waiting period before you begin earning rewards. The staking pool will need to generate blocks, and this can take a while.