Introduction

Staking SWFTCOIN can be a great option for those who want to hold SWFTC 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 SWFTCOIN (SWFTC) Tokens

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

   Platform	Coin	Price
   Coinbase	SWFTCOIN (SWFTC)	0.01
   OKX	SWFTCOIN (SWFTC)	0.01
   BingX	SWFTCOIN (SWFTC)	0.01
   Gate.io	SWFTCOIN (SWFTC)	0.01
   HTX	SWFTCOIN (SWFTC)	0.01
   Kucoin	SWFTCOIN (SWFTC)	0.01

   See all 14 prices

2. 2. Choose a SWFTCOIN Wallet

   Once you have SWFTC, you'll need to choose a SWFTCOIN wallet to store your tokens. Here are some good options.

3. 3. Delegate Your SWFTC

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