Introduction

Staking Merit Circle is an excellent choice for those looking to hold MC 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. 1. Acquire Merit Circle (MC) Tokens

   To stake Merit Circle, you first need to acquire it. You can purchase Merit Circle from various popular exchanges.

   Platform	Coin	Cost
   Binance	Merit Circle (MC)	0.49
   Kraken	Merit Circle (MC)	0.04
   Bitget	Merit Circle (MC)	0.07
   Bitpanda	Merit Circle (MC)	0.48
   Gate.io	Merit Circle (MC)	0.45

   View all 7 prices

2. 2. Select a Merit Circle Wallet

   Once you have MC, you'll need to select a Merit Circle wallet to keep your tokens safe. Here are some great options.

3. 3. Delegate Your MC

   We suggest using a staking pool for staking MC. It's easier and quicker to start. A staking pool consists of validators who pool their MC, increasing their chances of validating transactions and earning rewards. You can access this via your wallet's interface.

4. 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 Merit Circle network. You will be rewarded with MC 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.