Where and How to Stake Decred (DCR)

Introduction

Staking Decred can be a great option for those who want to hold DCR 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 Decred (DCR) Tokens

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

   Platform	Coin	Price
   Bitpanda	Decred (DCR)	15.85
   Uphold	Decred (DCR)	14.1
   Binance	Decred (DCR)	14.12
   MEXC Global	Decred (DCR)	15.94
   BingX	Decred (DCR)	15.78
   Kucoin	Decred (DCR)	13.25

   See all 10 prices

2. 2. Choose a Decred Wallet

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

   Platform	Coin	Staking rewards
   MyCointainer	Decred (DCR)	Up to 3.2 APY

3. 3. Delegate Your DCR

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