Introduction
Staking Acala can be a great option for those who want to hold ACA 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 Acala (ACA) Tokens
In order to stake Acala, you need to have it. To obtain Acala, you'll need to purchase it. You can choose from these popular exchanges.
See all 13 pricesPlatform Coin Price Kraken Acala (ACA) 0.09 OKX Acala (ACA) 0.09 Binance Acala (ACA) 0.09 Bitmart Acala (ACA) 0.09 MEXC Global Acala (ACA) 0.09 Bitget Acala (ACA) 0.09 2. Choose a Acala Wallet
Once you have ACA, you’ll need to choose a Acala wallet to store your tokens. Here are some good options.
Platform Coin Staking rewards Binance Acala (ACA) Up to 4.5 APY Bitget Acala (ACA) Up to 10 APY 3. Delegate Your ACA
We recommend using a staking pool when staking ACA. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their ACA, 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 Acala network. You’ll be rewarded with ACA for these validations.
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
Acala (ACA) is currently priced at $10 with a 24-hour trading volume of $8.04M. The market cap of Acala stands at $100.13M, with $1.14B ACA in circulation. For those looking to buy or trade Acala, Binance offers avenues to do so securely and efficiently}
- Market cap
- $100.13M
- 24h volume
- $8.04M
- Circulating supply
- $1.14B