Where and How to Stake Filecoin (FIL)

Introduction

Staking Filecoin can be a great option for those who want to hold FIL 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. 1. Obtain Filecoin (FIL) Tokens

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

   Platform	Coin	Price
   PrimeXBT	Filecoin (FIL)	2.42
   YouHodler	Filecoin (FIL)	2.42
   Binance	Filecoin (FIL)	2.42
   BTSE	Filecoin (FIL)	2.42
   OKX	Filecoin (FIL)	2.42
   Uphold	Filecoin (FIL)	2.66

   See all 46 prices

2. 2. Choose a Filecoin Wallet

   Once you have FIL, you'll need to choose a Filecoin wallet to store your tokens. Here are some good options.

   Platform	Coin	Staking rewards
   YouHodler	Filecoin (FIL)	Up to 7% APY
   Binance	Filecoin (FIL)	Up to 2.7% APY
   Bitmart	Filecoin (FIL)	Up to 0.6% APY

   See all 6 staking rewards

3. 3. Delegate Your FIL

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