How to Stake IRISnet (IRIS) in India

Introduction

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

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

   Platform	Coin	Cost
   Binance	IRISnet (IRIS)	0.01
   Bitpanda	IRISnet (IRIS)	0.01
   CoinEx	IRISnet (IRIS)	0.00043
   Crypto.com	IRISnet (IRIS)	0.01
   Gate.io	IRISnet (IRIS)	0.000922

   See all 7 rates

2. 2. Choose a IRISnet Wallet in India

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

   Platform	Coin	Staking rewards in India
   Moonstake	IRISnet (IRIS)	Up to 6.83% APY
   Stakewolle	IRISnet (IRIS)	Up to 9.83% APY
   Stakin	IRISnet (IRIS)	Up to 11.78% APY

   View all 6 staking rewards available in India

3. 3. Delegate Your IRIS in India

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

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.