Introduction
Staking Basic Attention Token can be a great option for those who want to hold BAT 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
1. Obtain Basic Attention Token (BAT) tokens
In order to stake Basic Attention Token, you need to have it. To obtain Basic Attention Token, you'll need to purchase it. You can choose from these popular exchanges.
See all 19 pricesPlatform Coin Price Bitpanda Basic Attention Token (BAT) $0.1792 Uphold Basic Attention Token (BAT) $0.1767 Wirex Basic Attention Token (BAT) $0.1801 Kraken Basic Attention Token (BAT) $0.179 OKX Basic Attention Token (BAT) $0.1791 Binance Basic Attention Token (BAT) $0.1788 2. Choose a Basic Attention Token wallet
Once you have BAT, you’ll need to choose a Basic Attention Token wallet to store your tokens. Here are some good options.
3. Delegate your BAT
We recommend using a staking pool when staking BAT. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their BAT, 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 Basic Attention Token network. You’ll be rewarded with BAT 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
Basic Attention Token (BAT) is currently priced at $0.1788 with a 24-hour trading volume of $12.38M. In the last 24 hours, Basic Attention Token has seen an increase of 0.82%. The market cap of Basic Attention Token stands at 263.99M, with $1.50B BAT in circulation. For those looking to buy or trade Basic Attention Token, reputable platforms like Bitpanda, Wirex and Kraken offer avenues to do so securely and efficiently.
- Market cap
- $263.99M
- 24h Volume
- $12.38M
- Circulating supply
- $1.50B