Where and How to Stake Picasso (PICA)

Introduction

Staking Picasso can be a great option for those who want to hold PICA 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. 1. Obtain Picasso (PICA) Tokens

   To stake Picasso, you need to have it. To get Picasso, you'll need to buy it. You can choose from these popular exchanges.

   Platform	Coin	Price
   BingX	Picasso (PICA)	0,000063
   Gate.io	Picasso (PICA)	0,00001404
   CoinEx	Picasso (PICA)	0,00001302

   See all 6 prices

2. 2. Choose a Picasso Wallet

   Once you have PICA, you’ll need to choose a Picasso wallet to store your tokens. Here are some lekker options.

   Platform	Coin	Staking rewards
   Stakewolle	Picasso (PICA)	Up to 12% APY

3. 3. Delegate Your PICA

   We recommend using a staking pool when staking PICA. It’s simpler and quicker to get going. A staking pool is a group of validators who combine their PICA, which gives them a better chance of validating transactions and earning rewards. You can do this through your wallet’s interface.

4. 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 Picasso network. You'll be rewarded with PICA 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.