Introduction
Staking FTX Token can be a great option for those who want to hold FTT 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. Obtain FTX Token (FTT) Tokens
In order to stake FTX Token, you need to have it. To obtain FTX Token, you'll need to purchase it. You can choose from these popular exchanges.
See all 9 pricesPlatform Coin Price Bitpanda FTX Token (FTT) $2.03 Wirex FTX Token (FTT) $1.44 Binance FTX Token (FTT) $2.03 BingX FTX Token (FTT) $2.04 Bitmart FTX Token (FTT) $2.03 Kucoin FTX Token (FTT) $2.03 2. Choose a FTX Token Wallet
Once you have FTT, you’ll need to choose a FTX Token wallet to store your tokens. Here are some good options.
Platform Coin Staking rewards Bitmart FTX Token (FTT) Up to 2% APY 3. Delegate Your FTT
We recommend using a staking pool when staking FTT. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their FTT, which gives them a higher 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 FTX Token network. You’ll be rewarded with FTT 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.
Latest Movements
FTX Token (FTT) is currently priced at $2 with a 24-hour trading volume of $28.20M. For those looking to buy or trade FTX Token, Bitmart offers avenues to do so securely and efficiently.
- 24h Volume
- $28.20M
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