Where and How to Stake Powerledger (POWR)

Introduction

Staking Powerledger can be a great option for those who want to hold POWR 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 Powerledger (POWR) Tokens

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

   Platform	Coin	Price
   Bitpanda	Powerledger (POWR)	0.28
   Uphold	Powerledger (POWR)	0.26
   Kraken	Powerledger (POWR)	0.28
   Binance	Powerledger (POWR)	0.26
   Coinbase	Powerledger (POWR)	0.28
   Bitmart	Powerledger (POWR)	0.26

   See all 13 prices

2. 2. Choose a Powerledger Wallet

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

   Platform	Coin	Staking rewards
   Binance	Powerledger (POWR)	Up to 6.9 APY

3. 3. Delegate Your POWR

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