Where and how to stake Akash Network (AKT)

Introduction

Staking Akash Network can be a great option for those who wish to hold AKT 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 Akash Network (AKT) Tokens

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

   Platform	Coin	Price
   Bitpanda	Akash Network (AKT)	4.12
   Uphold	Akash Network (AKT)	4.11
   Kraken	Akash Network (AKT)	2.83
   Coinbase	Akash Network (AKT)	4.13
   BingX	Akash Network (AKT)	4.13
   Kucoin	Akash Network (AKT)	3.04

   See all 11 prices

2. 2. Select a Akash Network Wallet

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

   Platform	Coin	Staking rewards
   Bitpanda	Akash Network (AKT)	Up to 10.00 APY
   MyCointainer	Akash Network (AKT)	Up to 9.30 APY
   Stakin	Akash Network (AKT)	Up to 15.60 APY

   See all 5 staking rewards

3. 3. Delegate Your AKT

   We suggest using a staking pool for staking AKT. It's easier and quicker to get started. A staking pool is a collection of validators who combine their AKT, 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 Akash Network network. You'll be rewarded with AKT 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.