Introduction
Staking Metal can be a great option for those who want to hold MTL 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 Metal (MTL) tokens
In order to stake Metal, you need to have it. To obtain Metal, you'll need to purchase it. You can choose from these popular exchanges.
See all 8 pricesPlatform Coin Price Bitpanda Metal (MTL) $0.9384 Uphold Metal (MTL) $1.01 Binance Metal (MTL) $0.938 Coinbase Metal (MTL) $0.9416 Bitmart Metal (MTL) $1.31 BingX Metal (MTL) $0.937 2. Choose a Metal wallet
Once you have MTL, you’ll need to choose a Metal wallet to store your tokens. Here are some good options.
3. Delegate your MTL
We recommend using a staking pool when staking MTL. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their MTL, 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 Metal network. You’ll be rewarded with MTL 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
Metal (MTL) is currently priced at $0.938 with a 24-hour trading volume of $3.04M. In the last 24 hours, Metal has seen an increase of 0.11%. The market cap of Metal stands at 60.52M, with $64.63M MTL in circulation. For those looking to buy or trade Metal, reputable platforms like Bitpanda, Binance and Coinbase offer avenues to do so securely and efficiently.
- Market cap
- $60.52M
- 24h Volume
- $3.04M
- Circulating supply
- $64.63M