Introduction
Staking Hedera can be a great option for those who want to hold HBAR 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 Hedera (HBAR) Tokens
In order to stake Hedera, you need to have it. To obtain Hedera, you'll need to purchase it. You can choose from these popular exchanges.
See all 18 pricesPlatform Coin Price Nexo Hedera (HBAR) 0.05 Bitpanda Hedera (HBAR) 0.05 Wirex Hedera (HBAR) 0.05 Uphold Hedera (HBAR) 0.05 OKX Hedera (HBAR) 0.05 Binance Hedera (HBAR) 0.05 2. Choose a Hedera Wallet
Once you have HBAR, you’ll need to choose a Hedera wallet to store your tokens. Here are some good options.
Platform Coin Staking rewards Uphold Hedera (HBAR) Up to 0.18 APY 3. Delegate Your HBAR
We recommend using a staking pool when staking HBAR. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their HBAR, 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 Hedera network. You’ll be rewarded with HBAR 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
Hedera (HBAR) is currently priced at $0.18 with a 24-hour trading volume of $44.22M. The market cap of Hedera stands at $1.76B, with $37.68B HBAR in circulation. For those looking to buy or trade Hedera, Uphold offers avenues to do so securely and efficiently}
- Market cap
- $1.76B
- 24h volume
- $44.22M
- Circulating supply
- $37.68B