Introduction
Staking Ronin is an excellent choice for those looking to hold RON 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 Ronin (RON) Tokens
To stake Ronin, you first need to acquire it. You can purchase Ronin from various popular exchanges.
View all 35 pricesPlatform Coin Cost Binance Ronin (RON) 0.13 Coinbase Ronin (RON) 0.13 OKX Ronin (RON) 0.79 Uphold Ronin (RON) 0.6 Bake Ronin (RON) 0.13 BingX Ronin (RON) 0.13 2. Select a Ronin Wallet
Once you have RON, you'll need to select a Ronin wallet to keep your tokens safe. Here are some great options.
View all 4 staking rewardsPlatform Coin Staking benefits Binance Ronin (RON) Earn up to 7.04% APY Bitpanda Ronin (RON) Earn up to 8% APY 3. Delegate Your RON
We suggest using a staking pool for staking RON. It's easier and quicker to start. A staking pool consists of validators who pool their RON, 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 Ronin network. You will be rewarded with RON 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
- $689.46M
- 24-hour trading volume
- $16.58M
- 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.
- 375.56M RON
