Introduction
Staking Rose can be a great option for those who want to hold ROSE 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 Rose (ROSE) Tokens
In order to stake Rose, you need to have it. To obtain Rose, you'll need to purchase it. You can choose from these popular exchanges.
See all 12 pricesPlatform Coin Price Bitpanda Rose (ROSE) 0.08 Uphold Rose (ROSE) 0.08 Binance Rose (ROSE) 0.08 Coinbase Rose (ROSE) 0.09 BingX Rose (ROSE) 0.08 Bitget Rose (ROSE) 0.08 2. Choose a Rose Wallet
Once you have ROSE, you’ll need to choose a Rose wallet to store your tokens. Here are some good options.
See all 6 staking rewardsPlatform Coin Staking rewards Uphold Rose (ROSE) Up to 2 APY Bitpanda Rose (ROSE) Up to 3 APY Bitget Rose (ROSE) Up to 4.5 APY Binance Rose (ROSE) Up to 1.8 APY MyCointainer Rose (ROSE) Up to 10.3 APY 3. Delegate Your ROSE
We recommend using a staking pool when staking ROSE. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their ROSE, 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 Rose network. You’ll be rewarded with ROSE 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.
Latest Movements
Rose (ROSE) is currently priced at $1.8 with a 24-hour trading volume of $2.52. For those looking to buy or trade Rose, Uphold offers avenues to do so securely and efficiently}
- 24h volume
- $2.52