Introduction
Staking Ape can be a great option for those who want to hold APE 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 Ape (APE) Tokens
In order to stake Ape, you need to have it. To obtain Ape, you'll need to purchase it. You can choose from these popular exchanges.
2. Choose a Ape Wallet
Once you have APE, you’ll need to choose a Ape wallet to store your tokens. Here are some good options.
3. Delegate Your APE
We recommend using a staking pool when staking APE. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their APE, 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 Ape network. You’ll be rewarded with APE 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
Ape (APE) is currently priced at $7.00 with a 24-hour trading volume of $17.89. The market cap of Ape stands at $13.28K, with $1.00B APE in circulation. For those looking to buy or trade Ape, Binance offers avenues to do so securely and efficiently}
- Market cap
- $13.28K
- 24h volume
- $17.89
- Circulating supply
- $1.00B
