Introduction
Staking Acala can be a great option for those who want to hold ACA but earn yield in a secure way while contributing to the network. The steps can be a bit overwhelming, especially the first time you do them. That’s why we’ve put this guide together for you.
Step-by-step guide
1. Obtain Acala (ACA) Tokens
To stake Acala, you need to have it. To get Acala, you'll need to buy it. You can choose from these popular exchanges.
See all 25 pricesPlatform Coin Price Kraken Acala (ACA) 0,02 OKX Acala (ACA) 0,04 Binance Acala (ACA) 0,02 MEXC Global Acala (ACA) 0,02 Bitget Acala (ACA) 0,02 Bitmart Acala (ACA) 0,02 2. Choose a Acala Wallet
Once you have ACA, you’ll need to choose a Acala wallet to store your tokens. Here are some lekker options.
Platform Coin Staking rewards Bitget Acala (ACA) Up to 10% APY Binance Acala (ACA) Up to 4,5% APY 3. Delegate Your ACA
We recommend using a staking pool when staking ACA. It’s simpler and quicker to get going. A staking pool is a group of validators who combine their ACA, which gives them a better chance of validating transactions and earning rewards. You can do this through your wallet’s interface.
4. Start Validating
You'll need to wait for your deposit to be confirmed by your wallet. Once it's confirmed, you'll automatically validate transactions on the Acala network. You'll be rewarded with ACA for these validations.
What to be Aware of
There are transaction and staking pool fees you need to consider. There might also be a waiting period before you start earning rewards. The staking pool will need to generate blocks, and this might take some time.
Latest Movements
Acala (ACA) is presently priced at US$10 with a 24-hour trading volume of US$7,84M. The market cap of Acala stands at US$98,09M, with 1,14B ACA in circulation. For those interested in buying or trading Acala, Bitget offers ways to do so safely and efficiently
- Market cap
- US$98,09M
- 24h trading volume
- US$7,84M
- Circulating supply
- 1,14B ACA