Where and How to Stake STP (STPT)

Introduction

Staking STP can be a great option for those who want to hold STPT 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 STP (STPT) Tokens

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

   Platform	Coin	Price
   Bitpanda	STP (STPT)	0.05
   Binance	STP (STPT)	0.06
   Bitmart	STP (STPT)	0.05
   MEXC Global	STP (STPT)	0.05
   BingX	STP (STPT)	0.05
   Bitget	STP (STPT)	0.05

   See all 10 prices

2. 2. Choose a STP Wallet

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

   Platform	Coin	Staking rewards
   Bitmart	STP (STPT)	Up to 6 APY

3. 3. Delegate Your STPT

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