Introduction
Staking Kin can be an excellent choice for those looking to hold KIN while earning returns in a secure manner and supporting the network. The process may seem a bit overwhelming, particularly for first-timers. That's why we've created this guide specifically for you.
Step-by-Step Guide for Indian Investors
1. Acquire Kin (KIN) Tokens in India
To stake Kin, you first need to acquire it. To obtain Kin, you will have to purchase it from a cryptocurrency exchange. You can select from these popular platforms available in India.
2. Choose a Kin Wallet in India
Once you have KIN, you'll need to choose a Kin wallet to securely store your tokens. Here are some reliable options available in India.
3. Delegate Your KIN in India
We recommend using a staking pool when staking KIN. It's simpler and quicker to get started. A staking pool is a collective of validators who combine their KIN, increasing their chances of validating transactions and earning rewards. You can easily do this through your wallet's interface.
4. Start Validating
You will need to wait for your deposit to be confirmed by your wallet. Once it's confirmed, you will automatically validate transactions on the Kin network. For these validations, you will be rewarded with KIN.
What to Keep in Mind
When engaging in staking, it's important to factor in transaction fees and staking pool charges. Additionally, there may be a waiting period before you begin to earn rewards. The staking pool must generate blocks, which can take some time to accomplish.
Latest Trends in India
- Market capitalization
- $3.2Cr
- 24-hour trading volume
- $2,10,486
- Circulating supply in the market
- 2.68LCr KIN