Where and How to Stake Okcash (OK)

Introduction

Staking Okcash can be a great option for those who want to hold OK 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 Okcash (OK) Tokens

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

2. 2. Choose a Okcash Wallet

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

   Platform	Coin	Staking rewards
   MyCointainer	Okcash (OK)	Up to 2.8 APY

3. 3. Delegate Your OK

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