Introduction

Staking API3 can be a great option for those who want to hold API3 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. 1. Obtain API3 (API3) Tokens

   In order to stake API3, you need to have it. To obtain API3, you'll need to purchase it. You can choose from these popular exchanges.

   Platform	Coin	Price
   Uphold	API3 (API3)	0.74
   Kraken	API3 (API3)	0.61
   OKX	API3 (API3)	1.22
   Binance	API3 (API3)	0.6
   Coinbase	API3 (API3)	0.61
   MEXC Global	API3 (API3)	0.6

   See all 44 prices

2. 2. Choose a API3 Wallet

   Once you have API3, you'll need to choose a API3 wallet to store your tokens. Here are some good options.

3. 3. Delegate Your API3

   We recommend using a staking pool when staking API3. It's simpler and faster to get up-and-running. A staking pool is a group of validators who combine their API3, 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 API3 network. You'll be rewarded with API3 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.