Introduction
Staking Ronin can be an excellent choice for those looking to hold RON 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. Acquire Ronin (RON) Tokens in India
To stake Ronin, you first need to acquire it. To obtain Ronin, you will have to purchase it from a cryptocurrency exchange. You can select from these popular platforms available in India.
See all 35 ratesPlatform Coin Cost Binance Ronin (RON) 0.13 Coinbase Ronin (RON) 0.13 OKX Ronin (RON) 0.79 Uphold Ronin (RON) 0.6 Bake Ronin (RON) 0.13 BingX Ronin (RON) 0.13 2. Choose a Ronin Wallet in India
Once you have RON, you'll need to choose a Ronin wallet to securely store your tokens. Here are some reliable options available in India.
View all 4 staking rewards available in IndiaPlatform Coin Staking rewards in India Binance Ronin (RON) Up to 7.04% APY Bitpanda Ronin (RON) Up to 8% APY 3. Delegate Your RON in India
We recommend using a staking pool when staking RON. It's simpler and quicker to get started. A staking pool is a collective of validators who combine their RON, increasing their chances of validating transactions and earning rewards. You can easily do this through your wallet's interface.
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 Ronin network. For these validations, you will be rewarded with RON.
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.
Latest Trends in India
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- Market capitalization
- $68.95Cr
- 24-hour trading volume
- $1.66Cr
- Circulating supply in the market
- 37.56Cr RON
