Introduction
Staking Helium can be a great option for those who want to hold HNT 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 Helium (HNT) Tokens
In order to stake Helium, you need to have it. To obtain Helium, you'll need to purchase it. You can choose from these popular exchanges.
See all 35 pricesPlatform Coin Price Uphold Helium (HNT) 3.2 Kraken Helium (HNT) 2.66 Binance Helium (HNT) 4.67 Coinbase Helium (HNT) 2.68 Azbit Helium (HNT) 2.65 Bake Helium (HNT) 2.65 2. Choose a Helium Wallet
Once you have HNT, you'll need to choose a Helium wallet to store your tokens. Here are some good options.
Platform Coin Staking rewards Bitmart Helium (HNT) Up to 1% APY 3. Delegate Your HNT
We recommend using a staking pool when staking HNT. It's simpler and faster to get up-and-running. A staking pool is a group of validators who combine their HNT, 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 Helium network. You'll be rewarded with HNT 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
Helium (HNT) is currently priced at $4.9 with a 24-hour trading volume of $19.36M. The market cap of Helium stands at $1.01B, with 176.23M HNT in circulation. For those looking to buy or trade Helium, Bitmart offers avenues to do so securely and efficiently}
- Market cap
- $1.01B
- 24h volume
- $19.36M
- Circulating supply
- 176.23M HNT
Frequently Asked Questions About Staking Helium (HNT)
- What are the staking rewards for Helium (HNT), and how do they work?
- Staking rewards for Helium (HNT) are incentives provided to users who participate in validating transactions on the Helium blockchain. Currently, the average staking reward is approximately 2.455%. Users can earn rewards by holding and staking HNT tokens on platforms such as MyCointainer. It is essential to stay informed about the latest rates and market trends to maximize your rewards. Regularly checking Bitcompare can help you stay updated on Helium's staking opportunities.
- What are the staking rewards for Helium (HNT)?
- Helium (HNT) offers staking rewards with an average rate of 2.455%. Users can participate in staking to earn these rewards, which may vary based on the platform and conditions. Notably, MyCointainer currently offers the best staking rate for HNT. Staying informed about these rates and market developments is crucial for maximizing potential earnings. For real-time comparisons and alerts, consider utilizing platforms like Bitcompare.
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