How to Stake MultiversX (EGLD) in India

Introduction

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

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

   Platform	Coin	Cost
   PrimeXBT	MultiversX (EGLD)	6.21
   YouHodler	MultiversX (EGLD)	6.21
   Binance	MultiversX (EGLD)	6.21
   BTSE	MultiversX (EGLD)	6.22
   Coinbase	MultiversX (EGLD)	6.21
   Kraken	MultiversX (EGLD)	6.26

   See all 53 rates

2. 2. Choose a MultiversX Wallet in India

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

   Platform	Coin	Staking rewards in India
   Atomic Wallet	MultiversX (EGLD)	Up to 9.4% APY
   Binance	MultiversX (EGLD)	Up to 3.1% APY
   Bitget	MultiversX (EGLD)	Up to 8.5% APY

   View all 13 staking rewards available in India

3. 3. Delegate Your EGLD in India

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

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.