Introduction
Staking Waves can be an excellent choice for those looking to hold WAVES 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 Waves (WAVES) Tokens in India
To stake Waves, you first need to acquire it. To obtain Waves, you will have to purchase it from a cryptocurrency exchange. You can select from these popular platforms available in India.
See all 28 ratesPlatform Coin Cost Binance Waves (WAVES) 1.08 Azbit Waves (WAVES) 1.17 BingX Waves (WAVES) 1.17 Bitfinex Waves (WAVES) 2.33 Bitget Waves (WAVES) 1.18 Bitmart Waves (WAVES) 1.18 2. Choose a Waves Wallet in India
Once you have WAVES, you'll need to choose a Waves wallet to securely store your tokens. Here are some reliable options available in India.
3. Delegate Your WAVES in India
We recommend using a staking pool when staking WAVES. It's simpler and quicker to get started. A staking pool is a collective of validators who combine their WAVES, 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 Waves network. For these validations, you will be rewarded with WAVES.
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
Waves (WAVES) is currently priced at $5 with a 24-hour trading volume of $2.65Cr. The market cap of Waves stands at $17.98Cr, with 10Cr WAVES in circulation. For those looking to buy or trade Waves, MyCointainer offers avenues to do so securely and efficiently
- Market capitalization
- $17.98Cr
- 24-hour trading volume
- $2.65Cr
- Circulating supply in the market
- 10Cr WAVES