How to stake The Graph | KoinX

Staking The Graph or the GRT Token via a custodial wallet

Multiple platforms allow staking The Graph on their exchange. The most popular ones are Binance, CoinBase, and OKX. You can choose any, according to your goals and budget. 

Step 1- Create an account in an exchange

Enter your verification and banking details and make a payment to create an account on a reputed crypto exchange.

Step 2- Purchase the required amount of GRT coins from the exchange

If you don’t have any GRT coins, then purchase the necessary amount of GRT tokens. To do so, go to the ‘Bank Deposit’ section of the exchange platform, select your payment method, and then make a payment to buy desired crypto tokens. Finally, choose the crypto you want to buy from that payment, in this case, The Graph. 

If you have bought GRT coins from another crypto exchange, you can receive them through another wallet by transferring the desired number of GRT coins to the wallet you just created in the crypto platform.

Step 3- Choose the STAKE option with GRT 

After you have a sufficient amount of GRT coins, select the STAKE option in the exchange platform and choose GRT as the currency to be staked. 

Step 4- Enter or choose the staking duration

Choose the right option for the duration of staking 

Step 5- Enter the amount to be staked

After choosing the staking duration, enter the number of GRT tokens to be staked. Check if the entered value is more than the minimum value for the corresponding period.

Step 6- Click CONFIRM

Finally, confirm the chosen credentials and accept the Terms and Conditions.

Your entered amount of GRT tokens have been staked for the chosen duration.

Staking The Graph via a non-custodial wallet

To stake The Graph via a non-custodial wallet, you need to download a wallet on your desired device to store your GRT coins. The most recommended one for this is MetaMask Wallet which is popular and secure.

Step 1- Download the MetaMask Wallet

Go to the website of MetaMask Wallet and download the supported version on your desired device.

You can download it as a browser extension on your desktop or as an app on your mobile.

Step 2- Create your account on the MetaMask Wallet

Enter the necessary details to create your account to store your GRT coins in the wallet.

Step 3- Buy and transfer your GRT tokens to your MetaMask Wallet

Go to the bank deposit section of the exchange platform and select the payment method to buy your desired crypto tokens,  Finally, choose the crypto you want to buy from that payment.

To transfer your purchased coins, go to the WITHDRAW section of the exchange platform, and choose GRT from the list of available coins. Then paste the wallet address of your MetaMask wallet on the recipient’s wallet address section and click CONFIRM.

If you have already purchased a sufficient amount of GRT tokens, transfer them to your MetaMask wallet.

Ensure the value exceeds the minimum amount of GRT tokens one can stake through a non-custodial wallet.

Step 4- CONNECT your MetaMask Wallet to the Graph Explorer’s Website

After going to The Graph Explorer’s website, click the CONNECT option and choose the ‘MetaMask Wallet’ option.

Step 5- Choose an indexer

At this point, you will be shown a list of indexers to whom you can delegate your GRT tokens. Choose the desired one by clicking the delegate icon on the right side of the indexer.

Step 6- Enter the amount of GRT tokens to stake

After selecting a delegator, you will be shown the details of staking. These include the Indexing Reward Cut, Query Fee Cut, etc. Examine the details shown and enter the amount of GRT coins you wish to stake with the chosen delegator and click SUBMIT TRANSACTION.