How To Stake Harmony (ONE)
Do you want to Earn Harmony One staking rewards by Staking Harmony One? Have your ONE work for you instead of letting it sit in your wallet doing nothing. We will go over the best way to stake your ONE so that you can start earning interest right away.
Software Wallets
Software wallets are more recommended for holding your crypto because they are safer in them rather than holding them on an exchange. Generally, they will generate a seed phrase for you so that as long as you have this phrase, you will always have access to your cryptocurrencies, even if the software wallet you had them on originally is shut down, as long as the new software wallet you use supports the currency, you can restore your crypto balance onto the new software wallet.
Blits Wallet
Blits Wallet is a great wallet that supports the Harmony and Ethereum blockchains. You can use Blits Wallet to hold and stake your ONE.
- Download Blits Wallet on your mobile device’s app store (iOS and Android supported).
2. Create a new wallet.
3. Once your wallet has been created, ensure that you’re in the ONE wallet tab. Select the “RECEIVE” button.
4. Send your ONE to your provided address.
5. Once you’ve received your ONE, press the “STAKING” button in the ONE wallet tab.
6. You will be provided with a list of validators for you to stake with. You can select each one and see what they’re all about. Ensure that you are browsing the “Elected” tab.
7. Once you’ve decided on a validator, press “Delegate ONE” after selecting them.
8. Enter in the amount of ONE that you wish to stake. You must leave at least 0.01 ONE in your wallet to pay off the network fee. You can also preview your estimated returns by scrolling down. Select “Delegate” once finished.
9. After confirming the delegation, you’re all done! Your ONE is now staking. Rewards must be manually claimed and redelegated to take advantage of compound interest.
Final Thoughts
Harmony is a relatively easy cryptocurrency to earn interest on. We recommend the Blits Wallet because it is very simple to use and can also hold a variety of cryptocurrencies running on the Ethereum blockchain if you wish to hold those as well.
Staking Harmony One to earn Harmony One staking rewards can be done by using the Harmony One Staking – Learn how to earn Harmony staking rewards by staking Harmony One. Stake Harmony One with the Blits Wallet. Visit Crypto Staking Rewards to learn how to stake crypto, earn staking rewards, cryptocurrency staking benefits, and where to find the best staking rewards.
Related Cryptocurrency Staking:
