Where & How to Stake FTX Token (FTT)

Introduction

Staking FTX Token can be a great option for those who want to hold FTT 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 FTX Token (FTT) Tokens

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

   Platform	Coin	Price
   Bitpanda	FTX Token (FTT)	$2.03
   Wirex	FTX Token (FTT)	$1.44
   Binance	FTX Token (FTT)	$2.01
   BingX	FTX Token (FTT)	$2.02
   Bitmart	FTX Token (FTT)	$2.01
   Kucoin	FTX Token (FTT)	$2.01

   See all 9 prices

2. 2. Choose a FTX Token Wallet

   Once you have FTT, you’ll need to choose a FTX Token wallet to store your tokens. Here are some good options.

   Platform	Coin	Staking rewards
   Bitmart	FTX Token (FTT)	Up to 2% APY

3. 3. Delegate Your FTT

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