Introduction
Staking Ethereum Classic can be a great option for those who want to hold ETC 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 Ethereum Classic (ETC) Tokens
In order to stake Ethereum Classic, you need to have it. To obtain Ethereum Classic, you'll need to purchase it. You can choose from these popular exchanges.
See all 52 pricesPlatform Coin Price Nexo Ethereum Classic (ETC) 17.09 Kraken Ethereum Classic (ETC) 17.07 OKX Ethereum Classic (ETC) 17.09 Binance Ethereum Classic (ETC) 17.09 Coinbase Ethereum Classic (ETC) 17.09 Bitget Ethereum Classic (ETC) 17.05 2. Choose a Ethereum Classic Wallet
Once you have ETC, you'll need to choose a Ethereum Classic wallet to store your tokens. Here are some good options.
3. Delegate Your ETC
We recommend using a staking pool when staking ETC. It's simpler and faster to get up-and-running. A staking pool is a group of validators who combine their ETC, 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 Ethereum Classic network. You'll be rewarded with ETC 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
- $3.78B
- 24h volume
- $154.64M
- Circulating supply
- 150.29M ETC