Introduction

Staking Litentry can be a great option for those who wish to hold LIT while earning yield in a safe manner and contributing to the network. The steps can be somewhat daunting, especially the first time you do them. That’s why we have put together this guide for you.

Step-by-Step Guide

1. 1. Acquire Litentry (LIT) Tokens

   To stake Litentry, you need to have it. To obtain Litentry, you'll need to buy it. You can choose from these popular exchanges.

   Platform	Coin	Price
   Uphold	Litentry (LIT)	0.58
   Binance	Litentry (LIT)	0.74
   Coinbase	Litentry (LIT)	0.47
   Gate.io	Litentry (LIT)	0.74
   Bitget	Litentry (LIT)	0.74
   Bitmart	Litentry (LIT)	0.74

   See all 27 prices

2. 2. Select a Litentry Wallet

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

3. 3. Delegate Your LIT

   We suggest using a staking pool for staking LIT. It's easier and quicker to get started. A staking pool is a collection of validators who combine their LIT, which increases their odds of validating transactions and earning rewards. You can do this through your wallet’s interface.

4. 4. Start Validating

   You'll have to wait for your deposit to be confirmed by your wallet. Once it's confirmed, you'll automatically validate transactions on the Litentry network. You'll be rewarded with LIT for these validations.

What to Keep in Mind

You need to keep in mind the transaction and staking pool fees. Additionally, there might be a waiting period before you begin earning rewards. The staking pool will need to generate blocks, and this can take a while.