Introduction

Staking Metal can be a great option for those who want to hold MTL 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 Metal (MTL) tokens

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

   Platform	Coin	Price
   Bitpanda	Metal (MTL)	$0.8839
   Uphold	Metal (MTL)	$1.01
   Binance	Metal (MTL)	$0.883
   Coinbase	Metal (MTL)	$0.8921
   Bitmart	Metal (MTL)	$1.31
   BingX	Metal (MTL)	$0.882

   See all 8 prices

2. 2. Choose a Metal wallet

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

3. 3. Delegate your MTL

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