Earn up to
11.49% APY
An in-depth guide on how to stake Firo (FIRO)
We have a lot of data on staking Firo (FIRO) and we share some of this with you.
We show you some staking options with other coins that could be of interest.
Firo (FIRO) is currently priced at $11.49 with a 24-hour trading volume of $6.08M. The market cap of Firo stands at $31.21M, with 14.55M FIRO in circulation. For those looking to buy or trade Firo, MyCointainer offers avenues to do so securely and efficiently}
Staking Firo can be a great option for those who want to hold FIRO 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.
In order to stake Firo, you need to have it. To obtain Firo, you'll need to purchase it. You can choose from these popular exchanges.
| Platform | Coin | Price |
|---|---|---|
| Binance | Firo (FIRO) | 0.3 |
| CoinEx | Firo (FIRO) | 1.35 |
| FMFW.io | Firo (FIRO) | 1.5 |
| Gate.io | Firo (FIRO) | 1.17 |
| HTX | Firo (FIRO) | 0.61 |
Once you have FIRO, you'll need to choose a Firo wallet to store your tokens. Here are some good options.
| Platform | Coin | Staking rewards |
|---|---|---|
| MyCointainer | Firo (FIRO) | Up to 11.49% APY |
We recommend using a staking pool when staking FIRO. It's simpler and faster to get up-and-running. A staking pool is a group of validators who combine their FIRO, which gives them a higher chance of validating transactions and earning rewards. You can do this through your wallet's interface.
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 Firo network. You'll be rewarded with FIRO for these validations.
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.
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