How to Stake TRON (TRX): A Step-by-Step Guide

Introduction

Staking TRON can be a great option for those who want to hold TRX 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 TRON (TRX) Tokens
In order to stake TRON, you need to have it. To obtain TRON, you'll need to purchase it. You can choose from these popular exchanges.
Platform Coin Price
Nexo TRON (TRX) 0.21
Bitpanda TRON (TRX) 0.21
Uphold TRON (TRX) 0.2
EarnPark TRON (TRX) 0.21
PrimeXBT TRON (TRX) 0.21
Kraken TRON (TRX) 0.17
See all 25 prices
2. Choose a TRON Wallet
Once you have TRX, you’ll need to choose a TRON wallet to store your tokens. Here are some good options.
Platform Coin Staking rewards
Bitpanda TRON (TRX) Up to 3 APY
Bitmart TRON (TRX) Up to 1.5 APY
Ledger TRON (TRX) Up to 5 APY
See all 12 staking rewards
3. Delegate Your TRX
We recommend using a staking pool when staking TRX. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their TRX, 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 TRON network. You’ll be rewarded with TRX for these validations.

Platform	Coin	Price
Nexo	TRON (TRX)	0.21
Bitpanda	TRON (TRX)	0.21
Uphold	TRON (TRX)	0.2
EarnPark	TRON (TRX)	0.21
PrimeXBT	TRON (TRX)	0.21
Kraken	TRON (TRX)	0.17

Platform	Coin	Staking rewards
Bitpanda	TRON (TRX)	Up to 3 APY
Bitmart	TRON (TRX)	Up to 1.5 APY
Ledger	TRON (TRX)	Up to 5 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

TRON (TRX) is currently priced at $5 with a 24-hour trading volume of $1,265,324,457. The market cap of TRON stands at $18,439,265,869, with $86,346,688,832.76 TRX in circulation. For those looking to buy or trade TRON, Bitpanda offers avenues to do so securely and efficiently}

Market cap: $18.44B
24h volume: $1.27B
Circulating supply: $86.35B

See latest information

Frequently Asked Questions About Staking TRON (TRX)

What is TRON (TRX) staking?: TRON staking involves holding TRX tokens in a wallet to support network operations, like block validation, and gaining rewards for participating. It's similar to a savings account but in the crypto world. By staking, you help secure the network and may earn rewards. To find the best staking rates, Bitcompare offers tools to compare rates and exchanges.
How do I start staking TRON (TRX)?: To stake TRX, choose a wallet that supports TRON staking, transfer your TRX to the wallet, and select a Super Representative to delegate your stake. It's crucial to compare options using Bitcompare to decide on the best choice for your staking endeavors, including real-time rates and services.
What rewards can I earn from staking TRON?: Staking TRON can earn you rewards based on the amount you stake and the network's reward rate. Rewards vary over time and between different platforms. For accurate and up-to-date information, use Bitcompare to monitor TRX staking rates, ensuring your choices remain informed and strategic.
Is there a minimum amount required to stake TRON (TRX)?: There is no universal minimum for TRON staking, but individual platforms or exchanges might impose their own requirements. Be sure to check the terms of your chosen platform. Tools on Bitcompare can help you compare conditions and find the best place to stake your TRX.
How often are TRON staking rewards distributed?: TRON staking rewards distribution varies by platform—some distribute daily, weekly, or upon specific conditions. It's essential to know the distribution schedule of your chosen platform. Use Bitcompare to remain informed about reward schedules from reliable sources.
Can staking TRON affect the price of TRX?: While staking itself doesn't directly affect token prices, increased staking can influence supply dynamics, potentially impacting market behavior. Monitoring TRON price trends and sentiment analysis with Bitcompare is advisable to stay ahead of market changes.
Are there risks involved in staking TRON?: Yes, while staking is generally secure, risks include potential network vulnerabilities or changes in reward structures. To mitigate risk, utilize Bitcompare's tools for evaluating exchange reputations and security protocols, ensuring you stake in trustworthy environments.