Introduction
Staking eCash can be a great option for those who want to hold XEC 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. Obtain eCash (XEC) Tokens
In order to stake eCash, you need to have it. To obtain eCash, you'll need to purchase it. You can choose from these popular exchanges.
See all 24 pricesPlatform Coin Price Binance eCash (XEC) 0.00001147 BingX eCash (XEC) 0.00001145 Bitmart eCash (XEC) 0.00002046 Bitpanda eCash (XEC) 0.00004911 CoinEx eCash (XEC) 0.00001144 FMFW.io eCash (XEC) 0.00001055 2. Choose a eCash Wallet
Once you have XEC, you'll need to choose a eCash wallet to store your tokens. Here are some good options.
3. Delegate Your XEC
We recommend using a staking pool when staking XEC. It's simpler and faster to get up-and-running. A staking pool is a group of validators who combine their XEC, 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 eCash network. You'll be rewarded with XEC 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
- Market cap
- $703.14M
- 24h volume
- $36.02M
- Circulating supply
- 19.81T XEC
Frequently Asked Questions About eCash (XEC) Staking
- What is eCash (xec) and what is its primary use?
- eCash (xec) is a digital asset designed for peer-to-peer transactions with a focus on fast, low-cost transfers. It aims to provide a practical cryptocurrency for daily payments, remittances, and microtransactions. As the price and supply details change over time, the circulating supply is currently around 19.99 trillion coins, with a capped max supply of 21 trillion. Investors should consider its utility, network adoption, and transaction costs when evaluating its use cases.
- How many eCash coins exist, and is there a maximum supply?
- As of now, the circulating supply of eCash is approximately 19.99 trillion XEC, with a hard cap of 21 trillion coins. This high max supply means that unit prices are very low, which can influence perceived affordability for everyday transactions. Always verify current supply data on a reputable market tracker since on-chain metrics can update with new blocks and halvings.
- What is the current price of eCash and how has it performed recently?
- eCash trades around a very low per-coin price due to its large total supply. For example, at a given moment it may be around 0.00000781 USD, with a 24-hour price change of roughly 0.00000006 USD and a 24-hour percentage move of about 0.85%. Such tiny price levels can be volatile in percentage terms, even if the dollar amount change seems small. Always check a live price feed for the most accurate figures and consider liquidity and market depth when assessing short-term movements.
- Is eCash a good choice for everyday spending, and what are the transaction costs like?
- eCash is positioned as a lightweight option for everyday payments due to its low nominal price and aim for efficient transfers. Transaction costs tend to be low relative to traditional payment rails, making microtransactions feasible. However, actual costs depend on network load, miners/validators, and the specific wallet or exchange you use. Before spending, confirm current fees on your chosen platform and ensure you are sending to a recipient who supports eCash to avoid failed transfers or loss of funds.
- What should I consider before investing in eCash (xec)?
- Key considerations include: liquidity and exchange availability (can you buy/sell easily in your region), network security and governance (who maintains the protocol and how upgrades are handled), utility and merchant adoption (are there vendors accepting XEC), and regulatory factors in your jurisdiction. Given the large max supply, price performance is often driven by demand and broader crypto markets rather than scarcity. Diversify your portfolio, only invest what you can afford to lose, and use reputable exchanges and wallets with strong security features.
