Where & how to stake Ankr Network (ANKR)

Introduction

Staking Ankr Network can be a great option for those who want to hold ANKR 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 Ankr Network (ANKR) tokens

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

   Platform	Coin	Price
   Bitpanda	Ankr Network (ANKR)	$0.0244
   Uphold	Ankr Network (ANKR)	$0.0272
   Kraken	Ankr Network (ANKR)	$0.0244
   Binance	Ankr Network (ANKR)	$0.0244
   Coinbase	Ankr Network (ANKR)	$0.0244
   BTSE	Ankr Network (ANKR)	$0.0244

   See all 13 prices

2. 2. Choose a Ankr Network wallet

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

   Platform	Coin	Staking rewards
   Bitmart	Ankr Network (ANKR)	Up to 3% APY
   Binance	Ankr Network (ANKR)	Up to 4.2% APY

   See all 4 staking rewards

3. 3. Delegate your ANKR

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