How to stake crypto in 5 easy steps

 Begin your crypto staking journey by following these easy steps:

1. Choose a PoS cryptocurrency coin you want to stake

Proof-of-stake (PoS) coins are rising up everywhere, making it difficult to choose which one to pick for staking. Unfortunately, spending time on analysis is an essential part of a crypto staker’s journey. Make sure you take the time to understand potential coins’ risks and rewards.

2. Prepare a wallet for staking (for non-exchange staking)

To stake your crypto, you will need to arrange either a software or hardware wallet where you can keep both your staked crypto and earning rewards. However, if you use some centralized who effectively controls your assets, you don’t need to.

3. Select the appropriate hardware

To stake your crypto you will need to act as a validator node, which requires that you have a strong enough machine that is continuously connected to the Internet at all times. While a normal desktop computer should suffice, you’ll also need to consider the electricity expenses. Alternative options may be to use cloud computing through virtual private servers.

4. The minimum coin staking requirements

While some projects like Cardano, Matrix AI Network, and Cosmos have no low threshold for staking, others like Ethereum require a sizeable investment (32 ETH). Ensure you have the funds available to continue staking your preferred crypto.

5. Ready, set, stake

Once you’ve chosen your staked coin, created a wallet and transferred at least the minimum required coins, and set up the right hardware, follow the staking software guidance, and keep your device connected. Congratulations, you’re earning passive crypto!

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