Where and How to Stake Navcoin (NAV)

Introduction

Staking Navcoin can be a great option for those who want to hold NAV 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 Navcoin (NAV) Tokens

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

   Platform	Coin	Price
   MEXC Global	Navcoin (NAV)	0.03

2. 2. Choose a Navcoin Wallet

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

   Platform	Coin	Staking rewards
   MyCointainer	Navcoin (NAV)	Up to 4.10 APY

3. 3. Delegate Your NAV

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