How to Stake Stacks (STX): A Step-by-Step Guide

Introduction

Staking Stacks can be a great option for those who want to hold STX 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 Stacks (STX) Tokens
In order to stake Stacks, you need to have it. To obtain Stacks, you'll need to purchase it. You can choose from these popular exchanges.
Platform Coin Price
Bitpanda Stacks (STX) 2.07
Uphold Stacks (STX) 1.96
Kraken Stacks (STX) 2.07
OKX Stacks (STX) 2.1
YouHodler Stacks (STX) 2.15
Binance Stacks (STX) 1.97
See all 15 prices
2. Choose a Stacks Wallet
Once you have STX, you’ll need to choose a Stacks wallet to store your tokens. Here are some good options.
Platform Coin Staking rewards
Bitmart Stacks (STX) Up to 1 APY
3. Delegate Your STX
We recommend using a staking pool when staking STX. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their STX, 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 Stacks network. You’ll be rewarded with STX for these validations.

Platform	Coin	Price
Bitpanda	Stacks (STX)	2.07
Uphold	Stacks (STX)	1.96
Kraken	Stacks (STX)	2.07
OKX	Stacks (STX)	2.1
YouHodler	Stacks (STX)	2.15
Binance	Stacks (STX)	1.97

Platform	Coin	Staking rewards
Bitmart	Stacks (STX)	Up to 1 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

Stacks (STX) is currently priced at $5 with a 24-hour trading volume of $422,188,257. The market cap of Stacks stands at $3,125,806,077, with $1,501,923,444.34 STX in circulation. For those looking to buy or trade Stacks, Bitmart offers avenues to do so securely and efficiently}

Market cap: $3.13B
24h volume: $422.19M
Circulating supply: $1.5B

See latest information

Frequently Asked Questions About Staking Stacks (STX)

What is Stacks (STX) staking?: Stacks staking involves locking your STX tokens to help secure the blockchain and earn rewards. It's a popular way to passively earn more STX while supporting the network's health. Stay up-to-date with the latest staking opportunities and rates, by using the tools on Bitcompare for real-time comparisons and alerts.
How can I start staking my STX?: To start staking your STX tokens, you'll need a compatible wallet. Follow the wallet's instructions to lock your tokens. It's essential to use Bitcompare for real-time rates and alerts to maximize your staking returns and stay informed about any changes.
What rewards can I expect from staking STX?: Staking rewards usually depend on the amount of STX staked and the network participation rate. You can use Bitcompare to check real-time reward rates, ensuring you stay informed about any changes in rewards due to market dynamics.
Are there any risks involved in staking STX?: While staking is relatively safe, there are network risks beyond individual control. Stay informed about potential changes and network developments using Bitcompare for the latest news and sentiment analysis.
How often are STX staking rewards distributed?: Typically, STX staking rewards are distributed at regular intervals. However, the frequency can vary based on network conditions. Use Bitcompare for timely alerts and updates to stay informed about when to expect your rewards.
Can I unstake my STX tokens anytime?: Most staking protocols allow unstaking at regular intervals with some notice period. Confirm the specifics with your staking platform. Stay updated using Bitcompare for any changes in unstaking conditions and terms.
How does staking affect the value of STX?: Staking can impact supply and demand, potentially influencing STX value. Stay current with market movements and sentiment analysis provided by Bitcompare, which can help you comprehend the potential impact.
What is the minimum amount of STX required for staking?: The minimum STX required can vary by platform. Check Bitcompare for up-to-date info on staking requirements from reputable exchanges and make use of price comparison tools.