Where and How to Stake Horizen (ZEN)

Introduction

Staking Horizen can be a great option for those who want to hold ZEN 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 Horizen (ZEN) Tokens

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

   Platform	Coin	Price
   Bitpanda	Horizen (ZEN)	10.97
   Binance	Horizen (ZEN)	8.61
   Coinbase	Horizen (ZEN)	11.05
   Bitmart	Horizen (ZEN)	9.14
   MEXC Global	Horizen (ZEN)	11
   BingX	Horizen (ZEN)	11.52

   See all 12 prices

2. 2. Choose a Horizen Wallet

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

   Platform	Coin	Staking rewards
   MyCointainer	Horizen (ZEN)	Up to 5.78 APY

3. 3. Delegate Your ZEN

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