How to Stake TRON (TRX): Step-by-step Guide

Introduction

Staking TRON can be a great option for those who want to hold TRX 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 TRON (TRX) tokens
In order to stake TRON, you need to have it. To obtain TRON, you'll need to purchase it. You can choose from these popular exchanges.
Platform Coin Price
Nexo TRON (TRX) $0.1589
Bitpanda TRON (TRX) $0.1589
Uphold TRON (TRX) $0.1587
Wirex TRON (TRX) $0.1601
EarnPark TRON (TRX) $0.1586
Kraken TRON (TRX) $0.159
See all 21 prices
2. Choose a TRON wallet
Once you have TRX, you’ll need to choose a TRON wallet to store your tokens. Here are some good options.
Platform Coin Staking rewards
Bitpanda TRON (TRX) Up to 3% APY
Bitmart TRON (TRX) Up to 1.5% APY
Ledger TRON (TRX) Up to 5% APY
Binance TRON (TRX) Up to 2.8% APY
See all 12 staking rewards
3. Delegate your TRX
We recommend using a staking pool when staking TRX. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their TRX, 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 TRON network. You’ll be rewarded with TRX for these validations.

Platform	Coin	Price
Nexo	TRON (TRX)	$0.1589
Bitpanda	TRON (TRX)	$0.1589
Uphold	TRON (TRX)	$0.1587
Wirex	TRON (TRX)	$0.1601
EarnPark	TRON (TRX)	$0.1586
Kraken	TRON (TRX)	$0.159

Platform	Coin	Staking rewards
Bitpanda	TRON (TRX)	Up to 3% APY
Bitmart	TRON (TRX)	Up to 1.5% APY
Ledger	TRON (TRX)	Up to 5% APY
Binance	TRON (TRX)	Up to 2.8% APY

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

TRON (TRX) is currently priced at $3.52 with a 24-hour trading volume of $332.41M. The market cap of TRON stands at 13.78B, with $86.53B TRX in circulation. For those looking to buy or trade TRON, Bitpanda offers avenues to do so securely and efficiently.

Market cap: $13.78B
24h Volume: $332.41M
Circulating supply: $86.53B

See latest information

Frequently asked questions about staking TRON (TRX)

What is TRON (TRX) staking?: TRON (TRX) staking is the process of actively participating in transaction validation on the TRON network by locking TRX tokens. In return, stakers receive rewards for their contribution to securing the network.
How can I start staking TRON (TRX)?: To start staking TRON (TRX), you can use supported wallets or exchanges that offer staking services for TRX. Ensure you thoroughly research and choose a reputable platform to stake your TRX.
What are the rewards for staking TRON (TRX)?: Staking TRON (TRX) can yield rewards in the form of additional TRX tokens. The specific rewards vary based on factors such as network participation and staking duration.
Is staking TRON (TRX) risky?: Staking TRON (TRX) carries inherent risks, including potential loss of staked tokens due to network vulnerabilities or changes in market conditions. It's important to stay informed and consider the risks before staking.
Where can I find real-time TRON (TRX) staking information?: For real-time TRON (TRX) staking information, consider using reputable platforms like Bitcompare, which offers tools for real-time price comparisons, email alerts, sentiment analysis, and the latest TRON news events. Regularly checking such platforms can help you stay informed and make well-informed decisions.