How to Stake MANTRA (OM) in India

Introduction

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

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

   Platform	Coin	Cost
   PrimeXBT	MANTRA (OM)	0.08
   YouHodler	MANTRA (OM)	0.08
   Binance	MANTRA (OM)	0.08
   BTSE	MANTRA (OM)	0.16
   Kraken	MANTRA (OM)	0.08
   OKX	MANTRA (OM)	6.89

   See all 44 rates

2. 2. Choose a MANTRA Wallet in India

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

   Platform	Coin	Staking rewards in India
   Binance	MANTRA (OM)	Up to 10% APY

   View all 6 staking rewards available in India

3. 3. Delegate Your OM in India

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

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.