Where and How to Stake Akash Network (AKT)

Introduction

Staking Akash Network can be a great option for those who want to hold AKT 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. 1. Obtain Akash Network (AKT) Tokens

   In order to stake Akash Network, you need to have it. To obtain Akash Network, you'll need to purchase it. You can choose from these popular exchanges.

   Platform	Coin	Price
   Bitpanda	Akash Network (AKT)	2.40
   Kraken	Akash Network (AKT)	2.40
   Coinbase	Akash Network (AKT)	2.42
   BingX	Akash Network (AKT)	2.42
   Kucoin	Akash Network (AKT)	2.41
   Bake	Akash Network (AKT)	2.37

   See all 7 prices

2. 2. Choose a Akash Network Wallet

   Once you have AKT, you’ll need to choose a Akash Network wallet to store your tokens. Here are some good options.

   Platform	Coin	Staking rewards
   Bitpanda	Akash Network (AKT)	Up to 10.00 APY
   MyCointainer	Akash Network (AKT)	Up to 9.30 APY
   Stakewolle	Akash Network (AKT)	Up to 9.89 APY

   See all 5 staking rewards

3. 3. Delegate Your AKT

   We recommend using a staking pool when staking AKT. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their AKT, which gives them a higher chance of validating transactions and earning rewards. You can do this through your wallet’s interface.

4. 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 Akash Network network. You’ll be rewarded with AKT 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.