How to Stake Cosmos Hub (ATOM) in Portugal

Introduction

Staking Cosmos Hub can be an excellent choice for those looking to hold ATOM while earning a yield 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 Navigating Cryptocurrency in Portugal 1

1. 1. Acquire Cosmos Hub (ATOM) Tokens in Portugal

   To stake Cosmos Hub in Portugal, you first need to acquire it. To obtain Cosmos Hub, you will need to purchase it from one of the popular exchanges available in the region.

   Plataforma	Moeda	Price in Portugal
   Nexo	Cosmos Hub (ATOM)	2,06
   PrimeXBT	Cosmos Hub (ATOM)	2,05
   YouHodler	Cosmos Hub (ATOM)	2,05
   Binance	Cosmos Hub (ATOM)	2,05
   BTSE	Cosmos Hub (ATOM)	2,05
   Coinbase	Cosmos Hub (ATOM)	2,05

   View all 69 prices

2. 2. Select a Cosmos Hub Wallet for Your Needs in Portugal

   Once you have ATOM, you'll need to select a Cosmos Hub wallet to securely store your tokens. Here are some excellent options tailored for users in Portugal.

   Plataforma	Moeda	Staking Rewards in Portugal
   YouHodler	Cosmos Hub (ATOM)	Up to 12% APY in Portugal
   Uphold	Cosmos Hub (ATOM)	Up to 15% APY in Portugal
   Bake	Cosmos Hub (ATOM)	Up to 12% APY in Portugal
   Binance	Cosmos Hub (ATOM)	Up to 10,5% APY in Portugal
   Bitget	Cosmos Hub (ATOM)	Up to 17% APY in Portugal

   Discover all 33 staking rewards available in Portugal

3. 3. Delegate Your ATOM in Portugal

   We recommend using a staking pool when staking ATOM in Portugal. It's a more straightforward and efficient way to get started. A staking pool consists of a group of validators who pool their ATOM, increasing their chances of validating transactions and earning rewards. You can easily manage this through your wallet's interface.

4. 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 Cosmos Hub network. For these validations, you will be rewarded with ATOM.

What to Consider in Portugal

When engaging in cryptocurrency activities in Portugal, it's important to be aware of transaction and staking pool fees that may apply. Additionally, there might be a waiting period before you begin to earn rewards. The staking pool must generate blocks, and this process can take some time, so patience is key as you navigate the Portuguese crypto landscape.