Introduction
Staking FTX is an excellent choice for those looking to hold FTT 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 FTX (FTT) Tokens
To stake FTX, you first need to acquire it. You can purchase FTX from various popular exchanges.
2. Select a FTX Wallet
Once you have FTT, you'll need to select a FTX wallet to keep your tokens safe. Here are some great options.
3. Delegate Your FTT
We suggest using a staking pool for staking FTT. It's easier and quicker to start. A staking pool consists of validators who pool their FTT, 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 FTX network. You will be rewarded with FTT 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
- 24-hour trading volume
- $30.5M
