Where and How to Stake Flare (FLR)

Introduction

Staking Flare can be a great option for those who want to hold FLR 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 Flare (FLR) Tokens

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

   Platform	Coin	Price
   Bitpanda	Flare (FLR)	0.01
   Uphold	Flare (FLR)	0.01
   Kraken	Flare (FLR)	0.01
   OKX	Flare (FLR)	0.01
   YouHodler	Flare (FLR)	0.01
   Coinbase	Flare (FLR)	0.01

   See all 14 prices

2. 2. Choose a Flare Wallet

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

   Platform	Coin	Staking rewards
   Uphold	Flare (FLR)	Up to 4.50 APY

   See all 4 staking rewards

3. 3. Delegate Your FLR

   We recommend using a staking pool when staking FLR. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their FLR, 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 Flare network. You’ll be rewarded with FLR 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.