How to Stake MultiversX (EGLD): A Step-by-Step Guide

Introduction

Staking MultiversX can be a great option for those who want to hold EGLD 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 MultiversX (EGLD) Tokens
In order to stake MultiversX, you need to have it. To obtain MultiversX, you'll need to purchase it. You can choose from these popular exchanges.
Platform Coin Price
PrimeXBT MultiversX (EGLD) 6.19
YouHodler MultiversX (EGLD) 6.2
Binance MultiversX (EGLD) 6.2
BTSE MultiversX (EGLD) 6.2
Coinbase MultiversX (EGLD) 6.18
Kraken MultiversX (EGLD) 6.2
See all 53 prices
2. Choose a MultiversX Wallet
Once you have EGLD, you’ll need to choose a MultiversX wallet to store your tokens. Here are some good options.
Platform Coin Staking rewards
Atomic Wallet MultiversX (EGLD) Up to 9.4% APY
Binance MultiversX (EGLD) Up to 3.1% APY
Bitget MultiversX (EGLD) Up to 8.5% APY
See all 13 staking rewards
3. Delegate Your EGLD
We recommend using a staking pool when staking EGLD. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their EGLD, 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 MultiversX network. You’ll be rewarded with EGLD for these validations.

Platform	Coin	Price
PrimeXBT	MultiversX (EGLD)	6.19
YouHodler	MultiversX (EGLD)	6.2
Binance	MultiversX (EGLD)	6.2
BTSE	MultiversX (EGLD)	6.2
Coinbase	MultiversX (EGLD)	6.18
Kraken	MultiversX (EGLD)	6.2

Platform	Coin	Staking rewards
Atomic Wallet	MultiversX (EGLD)	Up to 9.4% APY
Binance	MultiversX (EGLD)	Up to 3.1% APY
Bitget	MultiversX (EGLD)	Up to 8.5% 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.