Introduction
Staking Toncoin can be a great option for those who want to hold TON 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 Toncoin (TON) Tokens
In order to stake Toncoin, you need to have it. To obtain Toncoin, you'll need to purchase it. You can choose from these popular exchanges.
See all 62 pricesPlatform Coin Price PrimeXBT Toncoin (TON) 3.09 Uphold Toncoin (TON) 3.1 EarnPark Toncoin (TON) 3.08 YouHodler Toncoin (TON) 3.09 Kraken Toncoin (TON) 3.08 OKX Toncoin (TON) 3.09 2. Choose a Toncoin Wallet
Once you have TON, you'll need to choose a Toncoin wallet to store your tokens. Here are some good options.
See all 11 staking rewardsPlatform Coin Staking rewards YouHodler Toncoin (TON) Up to 20% APY Bitget Toncoin (TON) Up to 4% APY Kucoin Toncoin (TON) Up to 3% APY Binance Toncoin (TON) Up to 3.5% APY 3. Delegate Your TON
We recommend using a staking pool when staking TON. It's simpler and faster to get up-and-running. A staking pool is a group of validators who combine their TON, 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 Toncoin network. You'll be rewarded with TON 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
Toncoin (TON) is currently priced at 0 with a 24-hour trading volume of $235.72M. The market cap of Toncoin stands at $13.23B, with 2.54B TON in circulation. For those looking to buy or trade Toncoin, YouHodler offers avenues to do so securely and efficiently}
- Market cap
- $13.23B
- 24h volume
- $235.72M
- Circulating supply
- 2.54B TON
Frequently Asked Questions About Staking Toncoin (TON)
- What are the staking rewards for Toncoin (TON), and how can I participate?
- Staking rewards for Toncoin (TON) vary, with the best rate currently available being [object Object]% on Bitget. To participate in staking, you need to hold Toncoin in a compatible wallet or on a supported exchange that offers staking services. By staking your Toncoin, you contribute to the network's security and operations, and in return, you earn rewards. It is essential to stay informed about the latest rates and developments in the Toncoin ecosystem to maximize your benefits.