Where and How to Stake MultiversX (EGLD)

Introduction

Staking MultiversX can be a great option for those who want to hold EGLD 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 MultiversX (EGLD) Tokens

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

   Platform	Coin	Price
   Uphold	MultiversX (EGLD)	24.04
   Kraken	MultiversX (EGLD)	23.73
   OKX	MultiversX (EGLD)	23.96
   PrimeXBT	MultiversX (EGLD)	23.46
   Binance	MultiversX (EGLD)	23.50

   See all 16 prices

2. 2. Choose a MultiversX Wallet

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

   Platform	Coin	Staking rewards
   Bitpanda	MultiversX (EGLD)	Up to 6.00 APY
   Bitmart	MultiversX (EGLD)	Up to 1.00 APY
   Binance	MultiversX (EGLD)	Up to 3.90 APY
   Kucoin	MultiversX (EGLD)	Up to 5.00 APY

   See all 10 staking rewards

3. 3. Delegate Your EGLD

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