Earn up to
10% APY in India
An in-depth guide on how to stake Akash Network (AKT) in India
We have extensive data on staking Akash Network (AKT) and we are excited to share some of this information with you.
We present you with various staking options featuring different coins that may pique your interest.
Akash Network (AKT) is currently priced at $9.3 with a 24-hour trading volume of $96.08L. The market cap of Akash Network stands at $76.23Cr, with 24.74Cr AKT in circulation. For those looking to buy or trade Akash Network, Bitpanda offers avenues to do so securely and efficiently
Staking Akash Network can be an excellent choice for those looking to hold AKT 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.
To stake Akash Network, you first need to acquire it. To obtain Akash Network, you will have to purchase it from a cryptocurrency exchange. You can select from these popular platforms available in India.
Once you have AKT, you'll need to choose a Akash Network wallet to securely store your tokens. Here are some reliable options available in India.
| Platform | Coin | Staking rewards in India |
|---|---|---|
| Bitpanda | Akash Network (AKT) | Up to 10% APY |
| Chainode Tech | Akash Network (AKT) | Up to 9.8% APY |
We recommend using a staking pool when staking AKT. It's simpler and quicker to get started. A staking pool is a collective of validators who combine their AKT, increasing their chances of validating transactions and earning rewards. You can easily do this through your wallet's interface.
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 Akash Network network. For these validations, you will be rewarded with AKT.
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.
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