Where and How to Stake SPACE ID (ID)

Introduction

Staking SPACE ID can be a great option for those who want to hold ID 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 SPACE ID (ID) Tokens

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

   Platform	Coin	Price
   Bitpanda	SPACE ID (ID)	0.51
   OKX	SPACE ID (ID)	0.51
   Binance	SPACE ID (ID)	0.45
   BTSE	SPACE ID (ID)	0.51
   Bitmart	SPACE ID (ID)	0.45
   MEXC Global	SPACE ID (ID)	0.51

   See all 17 prices

2. 2. Choose a SPACE ID Wallet

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

   Platform	Coin	Staking rewards
   Bitmart	SPACE ID (ID)	Up to 2 APY

3. 3. Delegate Your ID

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