How to Stake SKALE (SKL) in Vietnam

Introduction

Staking SKALE is an excellent choice for those looking to hold SKL 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 SKALE (SKL) Tokens

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

   Platform	Coin	Cost
   Binance	SKALE (SKL)	0.01
   BTSE	SKALE (SKL)	0.01
   Coinbase	SKALE (SKL)	0.01
   OKX	SKALE (SKL)	0.03
   Uphold	SKALE (SKL)	0.02
   Azbit	SKALE (SKL)	0.01

   View all 50 prices

2. 2. Select a SKALE Wallet

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

3. 3. Delegate Your SKL

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