How to Stake Ronin (RON): A Step-by-Step Guide

Introduction

Staking Ronin can be a great option for those who want to hold RON 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. Obtain Ronin (RON) Tokens
In order to stake Ronin, you need to have it. To obtain Ronin, you'll need to purchase it. You can choose from these popular exchanges.
Platform Coin Price
Uphold Ronin (RON) 0.23
OKX Ronin (RON) 0.79
Binance Ronin (RON) 0.57
Coinbase Ronin (RON) 0.57
Bitget Ronin (RON) 0.57
Kucoin Ronin (RON) 0.57
See all 34 prices
2. Choose a Ronin Wallet
Once you have RON, you'll need to choose a Ronin wallet to store your tokens. Here are some good options.
Platform Coin Staking rewards
Binance Ronin (RON) Up to 8.9 APY
See all 4 staking rewards
3. Delegate Your RON
We recommend using a staking pool when staking RON. It's simpler and faster to get up-and-running. A staking pool is a group of validators who combine their RON, which gives them a higher chance of validating transactions and earning rewards. You can do this through your wallet's interface.
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 Ronin network. You'll be rewarded with RON for these validations.

Platform	Coin	Price
Uphold	Ronin (RON)	0.23
OKX	Ronin (RON)	0.79
Binance	Ronin (RON)	0.57
Coinbase	Ronin (RON)	0.57
Bitget	Ronin (RON)	0.57
Kucoin	Ronin (RON)	0.57

Platform	Coin	Staking rewards
Binance	Ronin (RON)	Up to 8.9 APY

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.

Latest Movements

Ronin (RON) is currently priced at $8.9 with a 24-hour trading volume of $16.58M. The market cap of Ronin stands at $689.46M, with 375.56M RON in circulation. For those looking to buy or trade Ronin, Binance offers avenues to do so securely and efficiently}

Market cap: $689.46M
24h volume: $16.58M
Circulating supply: 375.56M RON

See latest information

Frequently Asked Questions About Staking Ronin (RON)

What are the staking rewards for Ronin (RON), and how do they work?: Staking rewards for Ronin (RON) enable users to earn passive income by participating in the network's operations. Currently, the average staking reward rate is 44.45%, with the highest rate available on Binance. By staking RON, users contribute to the network's security and performance while receiving rewards in return. It is important to research the specific terms and conditions of the platform you choose for staking, as rates and requirements may vary.
How can I begin staking Ronin (RON) to earn rewards?: To start staking Ronin (RON), you must first acquire RON tokens through a cryptocurrency exchange that supports them. After obtaining RON, you can choose a staking platform, such as Binance, which offers competitive rewards. Create an account, transfer your RON tokens to the platform, and follow the staking process outlined there. Once staked, your tokens will contribute to network operations, and you will begin earning rewards based on the staked amount and the current reward rates.
What factors influence the staking rewards for Ronin (RON)?: Staking rewards for Ronin (RON) are influenced by several factors, including the total amount of RON staked within the network, the current reward distribution model, and the specific staking platform used. Additionally, market conditions and network performance can affect reward rates. For instance, Binance currently offers a competitive average staking rate of 44.45%. Staying informed about these factors can help you maximize your staking rewards effectively.
Are there any risks associated with staking Ronin (RON)?: Yes, staking Ronin (RON) comes with certain risks. The primary risk is the potential loss of staked funds due to market volatility; if the value of RON decreases significantly, your investment may diminish. Additionally, depending on the staking platform, there may be risks related to platform security or downtime. It is essential to choose a reputable platform and understand the terms of staking, including lock-up periods, before committing your tokens to mitigate these risks effectively.
How often are staking rewards distributed for Ronin (RON)?: Staking rewards for Ronin (RON) are typically distributed regularly, but the exact frequency can vary depending on the staking platform you choose. Most platforms, including Binance, often distribute rewards daily or weekly. It is important to review the specific terms of the staking program on the platform you use to understand the payout schedule. Regularly checking your staking account will help you track your earnings and stay informed about any changes to the reward distribution process.