Where & How to Stake AMP Token (AMP)

Introduction

Staking AMP Token can be a great option for those who want to hold AMP 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 Guide

1. 1. Obtain AMP Token (AMP) Tokens

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

   Platform	Coin	Price
   Uphold	AMP Token (AMP)	$0.0041
   Binance	AMP Token (AMP)	$0.004
   Coinbase	AMP Token (AMP)	$0.004
   BingX	AMP Token (AMP)	$0.0041
   Bitmart	AMP Token (AMP)	$0.0041
   Kucoin	AMP Token (AMP)	$0.004

   See all 8 prices

2. 2. Choose a AMP Token Wallet

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

   Platform	Coin	Staking rewards
   Bitmart	AMP Token (AMP)	Up to 1% APY
   MyCointainer	AMP Token (AMP)	Up to 6.81% APY

3. 3. Delegate Your AMP

   We recommend using a staking pool when staking AMP. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their AMP, 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 AMP Token network. You’ll be rewarded with AMP 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.