Introduction

Staking Myro can be a great option for those who want to hold $MYRO 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 Myro ($MYRO) Tokens

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

   Platform	Coin	Price
   Uphold	Myro ($MYRO)	0.03
   YouHodler	Myro ($MYRO)	0.03
   BTSE	Myro ($MYRO)	0.03
   MEXC Global	Myro ($MYRO)	0.03
   Bitget	Myro ($MYRO)	0.03
   Kucoin	Myro ($MYRO)	0.03

   See all 35 prices

2. 2. Choose a Myro Wallet

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

3. 3. Delegate Your $MYRO

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