How to Stake Avalanche (AVAX), Follow the Tutorial!

Bittime - Staking Avalanche (AVAX) is similar to staking other tokens on the Proof-of-Stake ( PoS ) blockchain. In a PoS system, the validators selected to validate the next block depend on the number of tokens they stake. 

The more tokens that are staked, the greater the chance that the validator will be selected. The rewards validators receive also depend on the amount of their stake.

Annual Percentage Yield Staking AVAX

The amount of staking APY ( Annual Percentage Yield ) depends on the number of AVAX tokens you stake. Avalanche offers a staking APY of around 9.41% for its users. 

This means, when depositing AVAX, you can expect rewards to accumulate in your wallet at the end of each period according to the APY.

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AVAX Staking Steps

While the details of the staking process may vary depending on the platform you use, here is an overview of the steps:

1. Choose a Staking Platform: There are various platforms that offer AVAX staking services, such as cryptocurrency exchanges or crypto wallets that support staking. Choose a platform that is reputable and suits your needs.
2. Transfer AVAX to Platform: Transfer the AVAX you wish to stake to the wallet of your chosen staking platform.
3. Select Validator: Some staking platforms allow you to select the validator to whom you want to delegate your stake. Choose a validator that has a good reputation and offers competitive commissions.
4. Stake your AVAX: Confirm the amount of AVAX you want to stake and agree to the staking terms on the platform.

Also Read How to Buy Crypto:

Things to note

• Liquidity: Staking is usually illiquid, meaning the tokens you stake may be locked for a certain period of time. Make sure you understand the liquidity requirements before staking.
• Security: Make sure the staking platform you choose has good security to protect your crypto assets.

Conclusion

Staking AVAX is a way to earn passive rewards from your AVAX holdings. By following the steps above and understanding the risks, you can participate in AVAX staking and potentially increase your crypto holdings.

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How to Buy Avalanche (AVAX) on Bittime

You can buy and sell  Avalanche (AVAX)  in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.  

Avalanche (AVAX)  is available on Bittime with  the market pair AVAX/IDR . To be able to buy  AVAX IDR  at  Bittime,  make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Learn  the complete guide on how to buy Avalanche (AVAX) on Bittime . 

Monitor the  price  chart movements of Avalanche (AVAX) ,  Bitcoin (BTC),  Ethereum (ETH) , Solana (SOL)  and other cryptos to find out today's crypto market trends in real-time on Bittime. 

Also Read:

What is Avalanche? How to Connect to MetaMask?

Avalanche (AVAX) Price Rises, Polkadot (DOT) Remains Innovative

Avalanche (AVAX) Price Prediction in 2024

DISCLAIMER:  This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.