How to Stake Zilliqa (ZIL): A Step-by-Step Guide

Introduction

Staking Zilliqa can be a great option for those who want to hold ZIL 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. Obtain Zilliqa (ZIL) Tokens
In order to stake Zilliqa, you need to have it. To obtain Zilliqa, you'll need to purchase it. You can choose from these popular exchanges.
Platform Coin Price
Bitpanda Zilliqa (ZIL) 0.02
Uphold Zilliqa (ZIL) 0.02
EarnPark Zilliqa (ZIL) 0.02
OKX Zilliqa (ZIL) 0.02
YouHodler Zilliqa (ZIL) 0.02
Binance Zilliqa (ZIL) 0.02
See all 20 prices
2. Choose a Zilliqa Wallet
Once you have ZIL, you’ll need to choose a Zilliqa wallet to store your tokens. Here are some good options.
Platform Coin Staking rewards
Uphold Zilliqa (ZIL) Up to 7.5 APY
Bitpanda Zilliqa (ZIL) Up to 8 APY
Bitmart Zilliqa (ZIL) Up to 1 APY
Kucoin Zilliqa (ZIL) Up to 7 APY
See all 11 staking rewards
3. Delegate Your ZIL
We recommend using a staking pool when staking ZIL. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their ZIL, 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 Zilliqa network. You’ll be rewarded with ZIL for these validations.

Platform	Coin	Price
Bitpanda	Zilliqa (ZIL)	0.02
Uphold	Zilliqa (ZIL)	0.02
EarnPark	Zilliqa (ZIL)	0.02
OKX	Zilliqa (ZIL)	0.02
YouHodler	Zilliqa (ZIL)	0.02
Binance	Zilliqa (ZIL)	0.02

Platform	Coin	Staking rewards
Uphold	Zilliqa (ZIL)	Up to 7.5 APY
Bitpanda	Zilliqa (ZIL)	Up to 8 APY
Bitmart	Zilliqa (ZIL)	Up to 1 APY
Kucoin	Zilliqa (ZIL)	Up to 7 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

Zilliqa (ZIL) is currently priced at $15 with a 24-hour trading volume of $48,118,736. The market cap of Zilliqa stands at $398,023,311, with $19,189,454,092.63 ZIL in circulation. For those looking to buy or trade Zilliqa, Uphold offers avenues to do so securely and efficiently}

Market cap: $398.02M
24h volume: $48.12M
Circulating supply: $19.19B

See latest information

Frequently Asked Questions About Staking Zilliqa (ZIL)

What is Zilliqa staking?: Zilliqa staking allows users to lock ZIL tokens to help secure the network and earn rewards. It's a way to support the blockchain and get a return on your investment without actively trading.
How are Zilliqa staking rewards calculated?: Staking rewards are based on the amount of ZIL staked and the network's overall staking participation rate. They can vary due to factors like total tokens staked and transaction fees.
How often are Zilliqa staking rewards distributed?: Staking rewards for Zilliqa are typically distributed every epoch, approximately every 24 hours. However, this can vary slightly depending on network conditions.
What are the risks of staking ZIL?: While staking can provide rewards, it carries risks like market volatility, network security, and possible changes in staking terms. Always stay informed and use trusted platforms like Bitcompare to monitor changes in the market.
Can I unstake my ZIL tokens anytime?: Yes, you can unstake your ZIL tokens, but there might be a cooldown period before you can access them. This period varies, so check the current terms before deciding to unstake.
Are there any fees associated with staking ZIL?: There may be transaction fees when staking or unstaking ZIL, depending on the platform you use. It's essential to check the fee structure of the exchange or wallet you're using for staking.
How can I keep up with the latest Zilliqa news?: Use trusted platforms like Bitcompare for the latest Zilliqa news, as well as tools for real-time price comparisons, email alerts, sentiment analysis, and updates on market events.
Is it necessary to update my staking strategy regularly?: Yes, the cryptocurrency market is highly dynamic. Stay informed of developments and use Bitcompare for insights. Bookmark the page and check regularly to make well-informed staking decisions.