Where and how to stake FIO Protocol (FIO)

Introduction

Staking FIO Protocol can be a great option for those who wish to hold FIO 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 FIO Protocol (FIO) Tokens

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

   Platform	Coin	Price
   Binance	FIO Protocol (FIO)	0.02
   MEXC Global	FIO Protocol (FIO)	0.02
   Bybit	FIO Protocol (FIO)	0.02
   Gate.io	FIO Protocol (FIO)	0.02
   BingX	FIO Protocol (FIO)	0.02
   CoinEx	FIO Protocol (FIO)	0.02

   See all 17 prices

2. 2. Select a FIO Protocol Wallet

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

   Platform	Coin	Staking rewards
   MyCointainer	FIO Protocol (FIO)	Up to 11.7% APY
   Binance	FIO Protocol (FIO)	Up to 6.19% APY
   Moonstake	FIO Protocol (FIO)	Up to 12.79% APY

   See all 5 staking rewards

3. 3. Delegate Your FIO

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