Where & how to stake Secret (SCRT)

Introduction

Staking Secret can be a great option for those who want to hold SCRT 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 Secret (SCRT) tokens

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

   Platform	Coin	Price
   Bitpanda	Secret (SCRT)	$0.2006
   Kraken	Secret (SCRT)	$0.2006
   Binance	Secret (SCRT)	$0.2007
   BingX	Secret (SCRT)	$0.2012
   Bitmart	Secret (SCRT)	$0.189
   MEXC Global	Secret (SCRT)	$0.2008

   See all 8 prices

2. 2. Choose a Secret wallet

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

   Platform	Coin	Staking rewards
   Bitpanda	Secret (SCRT)	Up to 10% APY
   MyCointainer	Secret (SCRT)	Up to 23.1% APY

   See all 6 staking rewards

3. 3. Delegate your SCRT

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