Introduction
Staking Kyber Network Crystal v2 can be a great option for those who want to hold KNC 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
1. Obtain Kyber Network Crystal v2 (KNC) tokens
In order to stake Kyber Network Crystal v2, you need to have it. To obtain Kyber Network Crystal v2, you'll need to purchase it. You can choose from these popular exchanges.
See all 17 pricesPlatform Coin Price Nexo Kyber Network Crystal v2 (KNC) $0.4357 Bitpanda Kyber Network Crystal v2 (KNC) $0.4365 Wirex Kyber Network Crystal v2 (KNC) $0.4389 Uphold Kyber Network Crystal v2 (KNC) $0.4653 Kraken Kyber Network Crystal v2 (KNC) $0.4327 OKX Kyber Network Crystal v2 (KNC) $0.4354 2. Choose a Kyber Network Crystal v2 wallet
Once you have KNC, you’ll need to choose a Kyber Network Crystal v2 wallet to store your tokens. Here are some good options.
Platform Coin Staking rewards Bitmart Kyber Network Crystal v2 (KNC) Up to 1% APY 3. Delegate your KNC
We recommend using a staking pool when staking KNC. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their KNC, 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 Kyber Network Crystal v2 network. You’ll be rewarded with KNC 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
Kyber Network Crystal v2 (KNC) is currently priced at $2 with a 24-hour trading volume of $13.89M. The market cap of Kyber Network Crystal v2 stands at 73.50M, with $170.15M KNC in circulation. For those looking to buy or trade Kyber Network Crystal v2, Bitmart offers avenues to do so securely and efficiently.
- Market cap
- $73.50M
- 24h Volume
- $13.89M
- Circulating supply
- $170.15M