Where and How to Stake WOO (WOO)

Introduction

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

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

   Platform	Coin	Price
   Bitpanda	WOO (WOO)	0.23
   Kraken	WOO (WOO)	0.24
   OKX	WOO (WOO)	0.23
   Binance	WOO (WOO)	0.23
   BTSE	WOO (WOO)	0.24
   Bitmart	WOO (WOO)	0.23

   See all 20 prices

2. 2. Choose a WOO Wallet

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

   Platform	Coin	Staking rewards
   Binance	WOO (WOO)	Up to 3.5 APY

3. 3. Delegate Your WOO

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