How to Stake EOS (EOS): A Step-by-Step Guide

Introduction

Staking EOS can be a great option for those who want to hold EOS but earn yield in a safe way while contributing to the network. The steps can be a little daunting, especially the first time you do them. That’s why we’ve put this guide together for you.

Step-by-Step Guide

1. Obtain EOS (EOS) Tokens
In order to stake EOS, you need to have it. To obtain EOS, you'll need to purchase it. You can choose from these popular exchanges.
Platform Coin Price
Nexo EOS (EOS) 0.8
PrimeXBT EOS (EOS) 0.79
Uphold EOS (EOS) 0.79
EarnPark EOS (EOS) 0.8
OKX EOS (EOS) 0.8
YouHodler EOS (EOS) 0.79
See all 29 prices
2. Choose a EOS Wallet
Once you have EOS, you’ll need to choose a EOS wallet to store your tokens. Here are some good options.
Platform Coin Staking rewards
YouHodler EOS (EOS) Up to 13 APY
Binance EOS (EOS) Up to 7.5 APY
See all 5 staking rewards
3. Delegate Your EOS
We recommend using a staking pool when staking EOS. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their EOS, which gives them a higher chance of validating transactions and earning rewards. You can do this through your wallet’s interface.
4. Start Validating
You’ll need to wait for your deposit to be confirmed by your wallet. Once it’s confirmed, you’ll automatically validate transactions on the EOS network. You’ll be rewarded with EOS for these validations.

Platform	Coin	Price
Nexo	EOS (EOS)	0.8
PrimeXBT	EOS (EOS)	0.79
Uphold	EOS (EOS)	0.79
EarnPark	EOS (EOS)	0.8
OKX	EOS (EOS)	0.8
YouHodler	EOS (EOS)	0.79

Platform	Coin	Staking rewards
YouHodler	EOS (EOS)	Up to 13 APY
Binance	EOS (EOS)	Up to 7.5 APY

What to be Aware of

There are transaction and staking pool fees you need to consider. There can also be a waiting period before you start earning rewards. The staking pool will need to generate blocks, and this can take some time.

Latest Movements

EOS (EOS) is currently priced at $7.5 with a 24-hour trading volume of $150.03M. The market cap of EOS stands at $1.2B, with $1.52B EOS in circulation. For those looking to buy or trade EOS, YouHodler offers avenues to do so securely and efficiently}

Market cap: $1.2B
24h volume: $150.03M
Circulating supply: $1.52B

See latest information

Frequently Asked Questions About Staking EOS (EOS)

What are EOS staking rewards?: EOS staking rewards are incentives given to users who lock up their EOS tokens to support the network's operations. These rewards come from newly minted tokens and transaction fees. Stay informed on platforms like Bitcompare for accurate rates and trends.
How can I stake my EOS tokens?: To stake EOS tokens, use a compatible wallet or an exchange that supports EOS staking. Ensure you use a trusted service by checking Bitcompare for reputable platforms and their offers.
How often are EOS staking rewards distributed?: Staking rewards are typically distributed daily, although this can vary. For precise schedules from different providers, refer to the comparison tools on Bitcompare to stay well-informed.
Are there any risks associated with staking EOS?: Yes, staking involves certain risks such as potential network changes or lower than expected rewards. Use Bitcompare to understand risks by accessing sentiment analysis and news updates.
What determines the amount of EOS staking rewards I receive?: The reward amount depends on factors like the number of tokens staked, the staking duration, and network conditions. Check Bitcompare for real-time changes and insights into these factors.
Can I un-stake my EOS tokens at any time?: Yes, EOS tokens can be unstaked, but there may be a waiting period. This varies by provider, so use Bitcompare tools to verify policies and changes from trusted exchanges.
Do staking rewards fluctuate over time?: Yes, staking rewards can fluctuate due to network conditions and tokenomics. Keep tabs on these changes by using real-time tools on Bitcompare for accurate updates.
Is staking EOS a good way to earn passive income?: While staking can generate rewards, consider the dynamic nature of crypto markets. Review rates and conditions on Bitcompare to make informed decisions without assuming it’s a guaranteed income.