How to Stake 1inch (1INCH) in the UK

Introduction

Staking 1inch can be an excellent option for those who wish to hold 1INCH while earning AER in a secure manner and contributing to the network. The process may seem a bit overwhelming, particularly the first time you undertake it. That's why we've compiled this guide for you.

Step-by-Step Guide

1. 1. Obtain 1inch (1INCH) Tokens

   To stake 1inch, you need to possess it. To obtain 1inch, you'll need to purchase it. You can choose from these popular exchanges.

   Platform	Coin	Price
   Nexo	1inch (1INCH)	0.16
   PrimeXBT	1inch (1INCH)	0.16
   YouHodler	1inch (1INCH)	0.16
   Binance	1inch (1INCH)	0.16
   BTSE	1inch (1INCH)	0.16
   Coinbase	1inch (1INCH)	0.16

   View all 61 prices

2. 2. Choose a 1inch Wallet

   Once you have 1INCH, you'll need to choose a 1inch wallet to store your tokens. Here are some suitable options.

   Platform	Coin	Staking rewards
   Binance	1inch (1INCH)	Up to 0.2% AER

3. 3. Delegate Your 1INCH

   We recommend using a staking pool when staking 1INCH. It's simpler and quicker to get started. A staking pool is a group of validators who combine their 1INCH, which increases their chances of validating transactions and earning rewards. You can do this through your wallet's interface.

4. 4. Start Validating

   You will need to wait for your deposit to be confirmed by your wallet. Once it is confirmed, you will automatically validate transactions on the 1inch network. You will be rewarded with 1INCH for these validations.

What to Be Aware Of

There are transaction and staking pool fees you need to consider. There may also be a waiting period before you start earning rewards. The staking pool will need to generate blocks, and this can take some time.