Where and How to Stake Band Protocol (BAND)

Introduction

Staking Band Protocol can be a great option for those who want to hold BAND 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 Band Protocol (BAND) Tokens

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

   Platform	Coin	Price
   Uphold	Band Protocol (BAND)	0.69
   Kraken	Band Protocol (BAND)	0.61
   OKX	Band Protocol (BAND)	0.83
   Binance	Band Protocol (BAND)	0.6
   BTSE	Band Protocol (BAND)	0.6
   Coinbase	Band Protocol (BAND)	0.6

   See all 46 prices

2. 2. Choose 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
   MyCointainer	Band Protocol (BAND)	Up to 8.86% APY
   Binance	Band Protocol (BAND)	Up to 8.9% APY

   See all 10 staking rewards

3. 3. Delegate Your BAND

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