Introduction

Staking Ravencoin can be a great option for those who want to hold RVN 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 Ravencoin (RVN) Tokens

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

   Platform	Coin	Price
   Bitpanda	Ravencoin (RVN)	0.02
   Uphold	Ravencoin (RVN)	0.02
   OKX	Ravencoin (RVN)	0.02
   Binance	Ravencoin (RVN)	0.02
   Bitmart	Ravencoin (RVN)	0.02
   BingX	Ravencoin (RVN)	0.02

   See all 12 prices

2. 2. Choose a Ravencoin Wallet

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

3. 3. Delegate Your RVN

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