Introduction
Staking TRON can be a great option for those who want to hold TRX 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. Obtain TRON (TRX) tokens
In order to stake TRON, you need to have it. To obtain TRON, you'll need to purchase it. You can choose from these popular exchanges.
See all 21 pricesPlatform Coin Price Bitpanda TRON (TRX) $0.1525 M2 TRON (TRX) $0.1516 YouHodler TRON (TRX) $0.1518 Uphold TRON (TRX) $0.1589 Wirex TRON (TRX) $0.1526 EarnPark TRON (TRX) $0.1516 2. Choose a TRON wallet
Once you have TRX, you’ll need to choose a TRON wallet to store your tokens. Here are some good options.
See all 12 staking rewardsPlatform Coin Staking rewards Bitpanda TRON (TRX) Up to 3% APY Ledger TRON (TRX) Up to 5% APY Bitmart TRON (TRX) Up to 2.6% APY Binance TRON (TRX) Up to 2.8% APY 3. Delegate your TRX
We recommend using a staking pool when staking TRX. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their TRX, 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 TRON network. You’ll be rewarded with TRX 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
TRON (TRX) is currently priced at $0.152 with a 24-hour trading volume of $405.12M. In the last 24 hours, TRON has seen an increase of 0.2%. The market cap of TRON stands at 13.14B, with $86.73B TRX in circulation. For those looking to buy or trade TRON, reputable platforms like Bitpanda, M2 and YouHodler offer avenues to do so securely and efficiently.
- Market cap
- $13.14B
- 24h Volume
- $405.12M
- Circulating supply
- $86.73B
Frequently asked questions about staking TRON (TRX)
TRON (TRX) staking news
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