Where & how to stake Dogecoin (DOGE)

Introduction

Staking Dogecoin can be a great option for those who want to hold DOGE 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. 1. Obtain Dogecoin (DOGE) tokens

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

   Platform	Coin	Price
   Nexo	Dogecoin (DOGE)	$0.135
   Bitpanda	Dogecoin (DOGE)	$0.1337
   Uphold	Dogecoin (DOGE)	$0.1334
   Wirex	Dogecoin (DOGE)	$0.1346
   EarnPark	Dogecoin (DOGE)	$0.132
   Klink	Dogecoin (DOGE)	$0.1332

   See all 23 prices

2. 2. Choose a Dogecoin wallet

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

   Platform	Coin	Staking rewards
   Bitmart	Dogecoin (DOGE)	Up to 0.5% APY

3. 3. Delegate your DOGE

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