How to Stake iExec RLC (RLC) in India

Introduction

Staking iExec RLC can be an excellent choice for those looking to hold RLC 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 iExec RLC (RLC) Tokens in India

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

   Platform	Coin	Cost
   Binance	iExec RLC (RLC)	0.65
   Coinbase	iExec RLC (RLC)	0.65
   Kraken	iExec RLC (RLC)	0.65
   BingX	iExec RLC (RLC)	2.07
   Bitget	iExec RLC (RLC)	0.65
   Bitmart	iExec RLC (RLC)	0.84

   See all 32 rates

2. 2. Choose a iExec RLC Wallet in India

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

   Platform	Coin	Staking rewards in India
   Bitmart	iExec RLC (RLC)	Up to 1% APY

3. 3. Delegate Your RLC in India

   We recommend using a staking pool when staking RLC. It's simpler and quicker to get started. A staking pool is a collective of validators who combine their RLC, 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 iExec RLC network. For these validations, you will be rewarded with RLC.

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.