Where & how to stake AltLayer (ALT)

Introduction

Staking AltLayer can be a great option for those who want to hold ALT but earn yield in a safe way while contributing to the network. The steps can be a little daunting, especially the first time you do them. That’s why we’ve put this guide together for you.

Step-by-step

1. 1. Obtain AltLayer (ALT) tokens

   In order to stake AltLayer, you need to have it. To obtain AltLayer, you'll need to purchase it. You can choose from these popular exchanges.

   Platform	Coin	Price
   Bitpanda	AltLayer (ALT)	$0.086
   Binance	AltLayer (ALT)	$0.0744
   Bitmart	AltLayer (ALT)	$0.0804
   BingX	AltLayer (ALT)	$0.0848
   Kucoin	AltLayer (ALT)	$0.0092
   Nexo	AltLayer (ALT)	$0.0853

   See all 7 prices

2. 2. Choose a AltLayer wallet

   Once you have ALT, you’ll need to choose a AltLayer wallet to store your tokens. Here are some good options.

   Platform	Coin	Staking rewards
   Binance	AltLayer (ALT)	Up to 10.9% APY

3. 3. Delegate your ALT

   We recommend using a staking pool when staking ALT. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their ALT, which gives them a higher 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 AltLayer network. You’ll be rewarded with ALT for these validations.

What to be aware of

There are transaction and staking pool fees you need to consider. There can also be a waiting period before you start earning rewards. The staking pool will need to generate blocks, and this can take some time.