Introduction
Staking EOS is an excellent choice for those looking to hold EOS while earning yield securely and supporting the network. The process may seem overwhelming, especially for first-timers. That's why we've created this guide to help you through it.
Comprehensive Guide
1. Acquire EOS (EOS) Tokens
To stake EOS, you first need to acquire it. You can purchase EOS from various popular exchanges.
2. Select a EOS Wallet
Once you have EOS, you'll need to select a EOS wallet to keep your tokens safe. Here are some great options.
View all 9 staking rewardsPlatform Coin Staking benefits YouHodler EOS (EOS) Earn up to 13% APY Binance EOS (EOS) Earn up to 7.5% APY 3. Delegate Your EOS
We suggest using a staking pool for staking EOS. It's easier and quicker to start. A staking pool consists of validators who pool their EOS, increasing their chances of validating transactions and earning rewards. You can access this via your wallet's interface.
4. Begin Validation
You will need to wait for your deposit to be confirmed by your wallet. Once confirmed, you will automatically validate transactions on the EOS network. You will be rewarded with EOS for these validations.
Key Considerations
Consider the transaction and staking pool fees. Additionally, there may be a waiting period before you begin earning rewards. The staking pool must generate blocks, which can take some time.
Recent Developments
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- Market capitalization
- $1.2B
- 24-hour trading volume
- $129.37M
- Circulating supply refers to the total amount of a cryptocurrency or token that is currently available for trading in the market. It excludes tokens that are locked, reserved, or not yet released.
- 1.52B EOS
