How to Stake Flare (FLR) in India

Introduction

Staking Flare can be an excellent choice for those looking to hold FLR 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. 1. Acquire Flare (FLR) Tokens in India

   To stake Flare, you first need to acquire it. To obtain Flare, you will have to purchase it from a cryptocurrency exchange. You can select from these popular platforms available in India.

   Platform	Coin	Cost
   YouHodler	Flare (FLR)	0.01
   Coinbase	Flare (FLR)	0.01
   Kraken	Flare (FLR)	0.01
   OKX	Flare (FLR)	0.02
   Uphold	Flare (FLR)	0.02
   BingX	Flare (FLR)	0.01

   See all 42 rates

2. 2. Choose a Flare Wallet in India

   Once you have FLR, you'll need to choose a Flare wallet to securely store your tokens. Here are some reliable options available in India.

   Platform	Coin	Staking rewards in India
   Uphold	Flare (FLR)	Up to 5.07% APY
   CEX.io	Flare (FLR)	Up to 5% APY

   View all 4 staking rewards available in India

3. 3. Delegate Your FLR in India

   We recommend using a staking pool when staking FLR. It's simpler and quicker to get started. A staking pool is a collective of validators who combine their FLR, increasing their chances of validating transactions and earning rewards. You can easily do this through your wallet's interface.

4. 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 Flare network. For these validations, you will be rewarded with FLR.

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.