Recent Developments in Russia
- Market capitalization
- $1.11B
- 24-hour trading volume
- $490.55M
- Circulating supply in the Russian cryptocurrency market
- 344.45M RUNE
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Staking THORChain can be an excellent choice for those in Russia looking to hold RUNE 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 comprehensive guide tailored for the Russian audience.
To stake THORChain in Russia, you first need to acquire it. To obtain THORChain, you'll need to purchase it from one of the popular cryptocurrency exchanges available in the Russian market.
| Platform | Coin | Cost |
|---|---|---|
| Nexo | THORChain (RUNE) | 0.58 |
| PrimeXBT | THORChain (RUNE) | 0.58 |
| Binance | THORChain (RUNE) | 0.58 |
| Coinbase | THORChain (RUNE) | 5.44 |
| Kraken | THORChain (RUNE) | 0.58 |
| Uphold | THORChain (RUNE) | 1.17 |
Once you have RUNE, you'll need to choose a THORChain wallet to securely store your tokens. In Russia, there are several reliable options to consider that cater to local users. Here are some good choices for cryptocurrency wallets that are popular among Russian investors.
We recommend using a staking pool when staking RUNE in Russia. It's simpler and faster to get started. A staking pool is a collective of validators who combine their RUNE, increasing their chances of validating transactions and earning rewards. You can easily manage this through your wallet's interface, which is often compatible with popular Russian platforms.
You will need to wait for your deposit to be confirmed by your digital wallet. Once it's confirmed, you will automatically validate transactions on the THORChain network. For these validations, you will be rewarded with RUNE.
In Russia, it's important to be aware of the transaction and staking pool fees that may apply. Additionally, you might encounter a waiting period before you begin to earn rewards. The staking pool must generate blocks, which can take some time, so patience is key as you navigate the Russian cryptocurrency landscape.
