Introduction
Staking STACKS is an excellent choice for those looking to hold stacks 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 STACKS (stacks) Tokens
To stake STACKS, you first need to acquire it. You can purchase STACKS from various popular exchanges.
View all 21 pricesPlatform Coin Cost Uphold STACKS (stacks) 0.79 BingX STACKS (stacks) 0.63 Bitget STACKS (stacks) 0.63 Bitmart STACKS (stacks) 0.69 Bitpanda STACKS (stacks) 2.3 Blockchain.com STACKS (stacks) 0.32 2. Select a STACKS Wallet
Once you have stacks, you'll need to select a STACKS wallet to keep your tokens safe. Here are some great options.
Platform Coin Staking benefits Bitmart STACKS (stacks) Earn up to 1% APY 3. Delegate Your stacks
We suggest using a staking pool for staking stacks. It's easier and quicker to start. A staking pool consists of validators who pool their stacks, 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 STACKS network. You will be rewarded with stacks 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
STACKS (stacks) is currently priced at $1 with a 24-hour trading volume of $97. For those looking to buy or trade STACKS, Bitmart offers avenues to do so securely and efficiently
- 24-hour trading volume
- $97