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. 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.
See all 22 pricesPlatform Coin Price Bitpanda Dogecoin (DOGE) $0.1058 M2 Dogecoin (DOGE) $0.1056 YouHodler Dogecoin (DOGE) $0.1056 Uphold Dogecoin (DOGE) $0.1067 Wirex Dogecoin (DOGE) $0.1065 EarnPark Dogecoin (DOGE) $0.1066 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. 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. 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.
Latest movements
Dogecoin (DOGE) is currently priced at $0.1061 with a 24-hour trading volume of $771.60M. In the last 24 hours, Dogecoin has experienced a decrease of -0.91%. The market cap of Dogecoin stands at 15.59B, with $145.94B DOGE in circulation. For those looking to buy or trade Dogecoin, reputable platforms like Bitpanda, M2 and YouHodler offer avenues to do so securely and efficiently.
- Market cap
- $15.59B
- 24h Volume
- $771.60M
- Circulating supply
- $145.94B
Frequently asked questions about staking Dogecoin (DOGE)
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