Where and how to stake Band Protocol (BAND)

Introduction

Staking Band Protocol can be a great option for those who wish to hold BAND while earning yield in a safe manner and contributing to the network. The steps can be somewhat daunting, especially the first time you do them. That’s why we have put together this guide for you.

Step-by-Step Guide

1. 1. Acquire Band Protocol (BAND) Tokens

   To stake Band Protocol, you need to have it. To obtain Band Protocol, you'll need to buy it. You can choose from these popular exchanges.

   Platform	Coin	Price
   Uphold	Band Protocol (BAND)	0.65
   Kraken	Band Protocol (BAND)	0.65
   OKX	Band Protocol (BAND)	0.83
   Binance	Band Protocol (BAND)	0.65
   BTSE	Band Protocol (BAND)	0.65
   Coinbase	Band Protocol (BAND)	0.65

   See all 45 prices

2. 2. Select a Band Protocol Wallet

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

   Platform	Coin	Staking rewards
   Bitget	Band Protocol (BAND)	Up to 12 APY
   Binance	Band Protocol (BAND)	Up to 8.9 APY
   MyCointainer	Band Protocol (BAND)	Up to 8.86 APY

   See all 10 staking rewards

3. 3. Delegate Your BAND

   We suggest using a staking pool for staking BAND. It's easier and quicker to get started. A staking pool is a collection of validators who combine their BAND, which increases their odds of validating transactions and earning rewards. You can do this through your wallet’s interface.

4. 4. Start Validating

   You'll have to wait for your deposit to be confirmed by your wallet. Once it's confirmed, you'll automatically validate transactions on the Band Protocol network. You'll be rewarded with BAND for these validations.

What to Keep in Mind

You need to keep in mind the transaction and staking pool fees. Additionally, there might be a waiting period before you begin earning rewards. The staking pool will need to generate blocks, and this can take a while.