How to Stake Helium (HNT): A Step-by-Step Guide

Introduction

Staking Helium can be a great option for those who want to hold HNT 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 Helium (HNT) Tokens
In order to stake Helium, you need to have it. To obtain Helium, you'll need to purchase it. You can choose from these popular exchanges.
Platform Coin Price
Uphold Helium (HNT) 3.72
Kraken Helium (HNT) 3.76
Coinbase Helium (HNT) 3.75
Bitget Helium (HNT) 3.76
MEXC Global Helium (HNT) 3.77
Kucoin Helium (HNT) 3.75
See all 33 prices
2. Choose a Helium Wallet
Once you have HNT, you’ll need to choose a Helium wallet to store your tokens. Here are some good options.
Platform Coin Staking rewards
MyCointainer Helium (HNT) Up to 4.9 APY
Bitmart Helium (HNT) Up to 1 APY
3. Delegate Your HNT
We recommend using a staking pool when staking HNT. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their HNT, 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 Helium network. You’ll be rewarded with HNT for these validations.

Platform	Coin	Price
Uphold	Helium (HNT)	3.72
Kraken	Helium (HNT)	3.76
Coinbase	Helium (HNT)	3.75
Bitget	Helium (HNT)	3.76
MEXC Global	Helium (HNT)	3.77
Kucoin	Helium (HNT)	3.75

Platform	Coin	Staking rewards
MyCointainer	Helium (HNT)	Up to 4.9 APY
Bitmart	Helium (HNT)	Up to 1 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

Helium (HNT) is currently priced at $1 with a 24-hour trading volume of $19.36M. The market cap of Helium stands at $1.01B, with 176.23M HNT in circulation. For those looking to buy or trade Helium, MyCointainer offers avenues to do so securely and efficiently}

Market cap: $1.01B
24h volume: $19.36M
Circulating supply: 176.23M HNT

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Frequently Asked Questions About Staking Helium (HNT)

What is Helium (HNT) staking?: Helium staking involves committing your HNT tokens for a certain period to support network operations, potentially earning rewards. Stay updated with Bitcompare's tools to make informed decisions, including real-time price comparisons and alerts.
How are Helium staking rewards calculated?: Staking rewards are determined by factors like network participation and total tokens staked. For accurate rates, use Bitcompare's real-time comparisons and be sure to bookmark the page for future reference.
When will I receive my Helium staking rewards?: Rewards distribution varies based on network conditions and staking terms. To track real-time changes, use Bitcompare's email alerts and live updates on Helium news.
Is there a minimum amount of HNT required for staking?: Requirements may vary by platform, so it's important to stay informed. Use Bitcompare to compare these parameters across different exchanges efficiently.
Can I unstake my HNT tokens anytime?: Unstaking conditions depend on the staking platform's terms. Review these regularly on Bitcompare, where you can find up-to-date insights and comparisons.
What impact does network participation have on rewards?: Higher participation typically increases network security and efficiency, potentially influencing rewards. Keep up with Helium's status using Bitcompare's sentiment analysis and news events.
Are Helium staking rewards taxable?: Taxation varies by jurisdiction. Stay updated with any pertinent news or changes using Bitcompare's latest Helium news events tool, although for tax advice, consult a professional.