Introduction
Staking Toncoin can be an excellent choice for those looking to hold TON 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 Toncoin (TON) Tokens in India
To stake Toncoin, you first need to acquire it. To obtain Toncoin, you will have to purchase it from a cryptocurrency exchange. You can select from these popular platforms available in India.
See all 65 ratesPlatform Coin Cost PrimeXBT Toncoin (TON) 1.75 EarnPark Toncoin (TON) 1.75 YouHodler Toncoin (TON) 1.75 Binance Toncoin (TON) 1.75 BTSE Toncoin (TON) 1.75 Coinbase Toncoin (TON) 1.75 2. Choose a Toncoin Wallet in India
Once you have TON, you'll need to choose a Toncoin wallet to securely store your tokens. Here are some reliable options available in India.
View all 11 staking rewards available in IndiaPlatform Coin Staking rewards in India YouHodler Toncoin (TON) Up to 20% APY Binance Toncoin (TON) Up to 3.6% APY Bitget Toncoin (TON) Up to 4% APY Bitmart Toncoin (TON) Up to 3% APY 3. Delegate Your TON in India
We recommend using a staking pool when staking TON. It's simpler and quicker to get started. A staking pool is a collective of validators who combine their TON, 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 Toncoin network. For these validations, you will be rewarded with TON.
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
Toncoin (TON) is currently priced at $20 with a 24-hour trading volume of $23.57Cr. The market cap of Toncoin stands at $1.32KCr, with 253.98Cr TON in circulation. For those looking to buy or trade Toncoin, YouHodler offers avenues to do so securely and efficiently
- Market capitalization
- $1.32KCr
- 24-hour trading volume
- $23.57Cr
- Circulating supply in the market
- 253.98Cr TON
