Introduction

Staking Multibit can be a great option for those who want to hold MUBI 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 Multibit (MUBI) Tokens

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

   Platform	Coin	Price
   BTSE	Multibit (MUBI)	0.01
   MEXC Global	Multibit (MUBI)	0.01
   Bitget	Multibit (MUBI)	0.01
   Kucoin	Multibit (MUBI)	0.01
   Bitmart	Multibit (MUBI)	0.01
   Gate.io	Multibit (MUBI)	0.01

   See all 21 prices

2. 2. Choose a Multibit Wallet

   Once you have MUBI, you'll need to choose a Multibit wallet to store your tokens. Here are some good options.

3. 3. Delegate Your MUBI

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