How to Stake Hedera (HBAR): A Step-by-Step Guide

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.
Platform Coin Price
Uphold Hedera (HBAR) 0.29
OKX Hedera (HBAR) 0.29
Binance Hedera (HBAR) 0.29
Coinbase Hedera (HBAR) 0.29
Bitmart Hedera (HBAR) 0.29
MEXC Global Hedera (HBAR) 0.29
See all 26 prices
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.

Platform	Coin	Price
Uphold	Hedera (HBAR)	0.29
OKX	Hedera (HBAR)	0.29
Binance	Hedera (HBAR)	0.29
Coinbase	Hedera (HBAR)	0.29
Bitmart	Hedera (HBAR)	0.29
MEXC Global	Hedera (HBAR)	0.29

Platform	Coin	Staking rewards
Uphold	Hedera (HBAR)	Up to 0.18 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

Hedera (HBAR) is currently priced at $2.5 with a 24-hour trading volume of $800.13M. The market cap of Hedera stands at $11.04B, with $38.25B HBAR in circulation. For those looking to buy or trade Hedera, Uphold offers avenues to do so securely and efficiently}

Market cap: $11.04B
24h volume: $800.13M
Circulating supply: $38.25B

See latest information

Frequently Asked Questions About Staking Hedera (HBAR)

What are Hedera (HBAR) staking rewards?: Hedera (HBAR) staking rewards are incentives given to users who participate in the network's staking process. By staking HBAR tokens, users help secure the network and, in return, receive rewards in the form of HBAR. For the latest reward rates and updates, regularly check Bitcompare, a reliable platform for crypto comparisons.
How are HBAR staking rewards calculated?: HBAR staking rewards are calculated based on the total amount of HBAR staked and the duration of staking. The network periodically distributes staking rewards according to these factors. To stay informed on current rates and trends, use Bitcompare's real-time price comparisons and sentiment analysis.
When are staking rewards distributed?: Staking rewards for HBAR are distributed at intervals determined by the Hedera network protocol. For the most accurate distribution schedules and timelines, keep an eye on Bitcompare for the latest Hedera news and use their email alert feature.
Where can I stake my HBAR tokens?: You can stake your HBAR tokens on participating exchanges or directly within certain crypto wallets that support Hedera staking. To find the most competitive exchange rates and reliable platforms, check Bitcompare regularly for updated information.
Is there a minimum amount of HBAR required for staking?: The minimum amount of HBAR required for staking can vary depending on the platform or exchange you use. To determine the best options and ensure you meet the requirements, consult Bitcompare for details on exchanges that offer HBAR staking.
Can I unstake my HBAR at any time?: Yes, you can usually unstake your HBAR at any time, although some platforms may have specific rules or waiting periods. It's essential to review the terms of the platform you choose. For the latest information, refer to Bitcompare's tools and alerts to make quick decisions.
Do staking rewards vary across platforms?: Yes, staking rewards can vary across platforms depending on their specific terms and conditions. To find the most favorable rates and understand the differences, utilize Bitcompare's features like real-time price comparisons and email alerts to stay updated.