How to Stake EOS (EOS): A Step-by-Step Guide

Introduction

Staking EOS can be a great option for those who want to hold EOS 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 EOS (EOS) Tokens
In order to stake EOS, you need to have it. To obtain EOS, you'll need to purchase it. You can choose from these popular exchanges.
Platform Coin Price
Nexo EOS (EOS) 0.8
Bitpanda EOS (EOS) 0.79
Uphold EOS (EOS) 0.69
EarnPark EOS (EOS) 0.82
PrimeXBT EOS (EOS) 0.8
Kraken EOS (EOS) 0.57
See all 27 prices
2. Choose a EOS Wallet
Once you have EOS, you’ll need to choose a EOS wallet to store your tokens. Here are some good options.
Platform Coin Staking rewards
Bitmart EOS (EOS) Up to 0.3 APY
See all 5 staking rewards
3. Delegate Your EOS
We recommend using a staking pool when staking EOS. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their EOS, 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 EOS network. You’ll be rewarded with EOS for these validations.

Platform	Coin	Price
Nexo	EOS (EOS)	0.8
Bitpanda	EOS (EOS)	0.79
Uphold	EOS (EOS)	0.69
EarnPark	EOS (EOS)	0.82
PrimeXBT	EOS (EOS)	0.8
Kraken	EOS (EOS)	0.57

Platform	Coin	Staking rewards
Bitmart	EOS (EOS)	Up to 0.3 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

EOS (EOS) is currently priced at $7.5 with a 24-hour trading volume of $720,561,939. The market cap of EOS stands at $1,224,626,856, with $1,516,885,789.17 EOS in circulation. For those looking to buy or trade EOS, Bitmart offers avenues to do so securely and efficiently}

Market cap: $1.22B
24h volume: $720.56M
Circulating supply: $1.52B

See latest information

Frequently Asked Questions About Staking EOS (EOS)

What are EOS staking rewards?: EOS staking rewards are incentives for users who lock up their EOS tokens to support network operations, like validating transactions. Stay up-to-date with tools on Bitcompare for the best staking opportunities.
How often are EOS staking rewards distributed?: EOS staking rewards are typically distributed daily. Use Bitcompare for real-time updates on staking rewards to ensure timely information on distribution cycles.
Is there a minimum amount of EOS required for staking?: While there's usually no fixed minimum, optimal staking often depends on the platform. Always use Bitcompare to verify these details on various platforms to maximize benefits.
Can I unstake my EOS tokens anytime?: Yes, but there may be a cooldown period before tokens are liquid again. Check Bitcompare for details on unstaking conditions across different platforms.
Are staking rewards variable?: Yes, staking rewards can vary based on network activity and staking pool size. Regularly check Bitcompare for sentiment analysis and rate adjustments.
Are there any risks associated with EOS staking?: Staking involves risks like potential slashing and market volatility. Stay informed about risks by using Bitcompare for comprehensive insights and tools.
How can I maximize my EOS staking rewards?: To maximize rewards, compare rates, and platforms using Bitcompare's tools for updated staking options. Bookmark the page for continuous updates and insights.
Why should I frequently check my EOS staking rewards?: EOS rewards change based on several factors. Stay ahead by using Bitcompare for real-time tools and alerts, ensuring your decisions match current market conditions.