Introduction

Staking Merlin Chain is an excellent choice for those looking to hold MERL 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 Merlin Chain (MERL) Tokens

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

   Platform	Coin	Cost
   PrimeXBT	Merlin Chain (MERL)	0.32
   BTSE	Merlin Chain (MERL)	0.32
   Kraken	Merlin Chain (MERL)	0.32
   OKX	Merlin Chain (MERL)	0.11
   BingX	Merlin Chain (MERL)	0.32
   Bitget	Merlin Chain (MERL)	0.32

   View all 32 prices

2. 2. Select a Merlin Chain Wallet

   Once you have MERL, you'll need to select a Merlin Chain wallet to keep your tokens safe. Here are some great options.

3. 3. Delegate Your MERL

   We suggest using a staking pool for staking MERL. It's easier and quicker to start. A staking pool consists of validators who pool their MERL, 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 Merlin Chain network. You will be rewarded with MERL 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.