Introduction
Staking eCash can be an excellent choice for those looking to hold XEC while earning returns in a secure manner and supporting the network. The process may seem a bit overwhelming, particularly for first-timers. That's why we've created this guide specifically for you.
Step-by-Step Guide for Indian Investors
1. Acquire eCash (XEC) Tokens in India
To stake eCash, you first need to acquire it. To obtain eCash, you will have to purchase it from a cryptocurrency exchange. You can select from these popular platforms available in India.
See all 24 ratesPlatform Coin Cost Binance eCash (XEC) 0.0000208 BingX eCash (XEC) 0.00002081 Bitmart eCash (XEC) 0.00002078 Bitpanda eCash (XEC) 0.00004911 CoinEx eCash (XEC) 0.00002075 FMFW.io eCash (XEC) 0.00002043 2. Choose a eCash Wallet in India
Once you have XEC, you'll need to choose a eCash wallet to securely store your tokens. Here are some reliable options available in India.
3. Delegate Your XEC in India
We recommend using a staking pool when staking XEC. It's simpler and quicker to get started. A staking pool is a collective of validators who combine their XEC, increasing their chances of validating transactions and earning rewards. You can easily do this through your wallet's interface.
4. Start Validating
You will need to wait for your deposit to be confirmed by your wallet. Once it's confirmed, you will automatically validate transactions on the eCash network. For these validations, you will be rewarded with XEC.
What to Keep in Mind
When engaging in staking, it's important to factor in transaction fees and staking pool charges. Additionally, there may be a waiting period before you begin to earn rewards. The staking pool must generate blocks, which can take some time to accomplish.
Latest Trends in India
- Market capitalization
- $70.31Cr
- 24-hour trading volume
- $3.6Cr
- Circulating supply in the market
- 19.81LCr XEC