How to Stake MANTRA (OM): A Step-by-Step Guide

Introduction

Staking MANTRA can be a great option for those who want to hold OM 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 MANTRA (OM) Tokens
In order to stake MANTRA, you need to have it. To obtain MANTRA, you'll need to purchase it. You can choose from these popular exchanges.
Platform Coin Price
YouHodler MANTRA (OM) 6.38
Kraken MANTRA (OM) 6.31
OKX MANTRA (OM) 6.89
Binance MANTRA (OM) 6.41
BTSE MANTRA (OM) 6.35
MEXC Global MANTRA (OM) 6.35
See all 41 prices
2. Choose a MANTRA Wallet
Once you have OM, you'll need to choose a MANTRA wallet to store your tokens. Here are some good options.
Platform Coin Staking rewards
Binance MANTRA (OM) Up to 5.5 APY
BTSE MANTRA (OM) Up to 10.32 APY
See all 6 staking rewards
3. Delegate Your OM
We recommend using a staking pool when staking OM. It's simpler and faster to get up-and-running. A staking pool is a group of validators who combine their OM, 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 MANTRA network. You'll be rewarded with OM for these validations.

Platform	Coin	Price
YouHodler	MANTRA (OM)	6.38
Kraken	MANTRA (OM)	6.31
OKX	MANTRA (OM)	6.89
Binance	MANTRA (OM)	6.41
BTSE	MANTRA (OM)	6.35
MEXC Global	MANTRA (OM)	6.35

Platform	Coin	Staking rewards
Binance	MANTRA (OM)	Up to 5.5 APY
BTSE	MANTRA (OM)	Up to 10.32 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

MANTRA (OM) is currently priced at 0 with a 24-hour trading volume of $99.78M. The market cap of MANTRA stands at $3.78B, with 959.78M OM in circulation. For those looking to buy or trade MANTRA, Binance offers avenues to do so securely and efficiently}

Market cap: $3.78B
24h volume: $99.78M
Circulating supply: 959.78M OM

See latest information

Frequently Asked Questions About Staking MANTRA (OM)

What is MANTRA (OM) staking?: MANTRA (OM) staking allows holders to earn rewards by participating in network security and operations. Staking helps maintain and secure the blockchain.
How often are staking rewards distributed?: Staking rewards for MANTRA (OM) are typically distributed regularly, often depending on the network and platform used. Check with your exchange or wallet for specific intervals.
What tools can help me track MANTRA (OM) information?: Bitcompare offers valuable tools such as real-time price comparisons, sentiment analysis, and email alerts. Regularly visit the page for the latest MANTRA news and events.
How do I start staking MANTRA (OM)?: To stake MANTRA (OM), you'll need to use a compatible wallet or platform that supports staking. Follow the platform's instructions to deposit and start earning rewards.
Is there a risk in staking MANTRA (OM)?: Staking involves risks such as market volatility and potential losses. Stay informed by checking Bitcompare for up-to-date information and carefully consider your actions.
Where can I find the latest MANTRA (OM) news?: For the latest MANTRA (OM) news, regularly check Bitcompare. Bookmark the page to stay informed with real-time updates and well-rounded insights on the crypto market.
Why should I use Bitcompare for MANTRA staking?: Bitcompare is a trusted platform providing tools like price comparisons, alerts, and latest news, helping you make informed decisions in the fast-evolving cryptocurrency scene.
Can I earn staking rewards immediately?: Rewards may take some time to accrue, depending on the blockchain's operation and your chosen staking platform. Verify timelines on Bitcompare or with your staking service.
What is the minimum MANTRA (OM) for staking?: The minimum amount needed for staking MANTRA (OM) varies by platform or exchange. Check the specific requirements on your platform or Bitcompare for details.
How can I ensure I make informed staking decisions?: Stay updated with Bitcompare tools like real-time comparisons and sentiment analysis. Regularly check the platform, bookmark it, and stay informed to navigate the market efficiently.