Introduction
Staking ApeCoin can be a great option for those who want to hold APE 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. Obtain ApeCoin (APE) Tokens
In order to stake ApeCoin, you need to have it. To obtain ApeCoin, you'll need to purchase it. You can choose from these popular exchanges.
See all 20 pricesPlatform Coin Price Nexo ApeCoin (APE) 1.07 Bitpanda ApeCoin (APE) 1.05 Uphold ApeCoin (APE) 1.17 Kraken ApeCoin (APE) 1.15 OKX ApeCoin (APE) 1.16 YouHodler ApeCoin (APE) 1.07 2. Choose a ApeCoin Wallet
Once you have APE, you’ll need to choose a ApeCoin wallet to store your tokens. Here are some good options.
See all 4 staking rewardsPlatform Coin Staking rewards Bitpanda ApeCoin (APE) Up to 15.00 APY 3. Delegate Your APE
We recommend using a staking pool when staking APE. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their APE, 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 ApeCoin network. You’ll be rewarded with APE 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
ApeCoin (APE) is currently priced at $9.00 with a 24-hour trading volume of $431.19M. The market cap of ApeCoin stands at $805.71M, with $721.45M APE in circulation. For those looking to buy or trade ApeCoin, Bitpanda offers avenues to do so securely and efficiently}
- Market cap
- $805.71M
- 24h volume
- $431.19M
- Circulating supply
- $721.45M