Where & how to stake Stratis (STRAX)

Introduction

Staking Stratis can be a great option for those who want to hold STRAX 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 Stratis (STRAX) tokens

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

   Platform	Coin	Price
   Bitpanda	Stratis (STRAX)	$0.0483
   Binance	Stratis (STRAX)	$0.0486
   BingX	Stratis (STRAX)	$0.0478
   Bitmart	Stratis (STRAX)	$0.0627
   Kucoin	Stratis (STRAX)	$0.0487
   Bitget	Stratis (STRAX)	$0.0483

   See all 7 prices

2. 2. Choose a Stratis wallet

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

   Platform	Coin	Staking rewards
   MyCointainer	Stratis (STRAX)	Up to 8.1% APY

3. 3. Delegate your STRAX

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