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What is the minimum amount of XLM required to start staking?

avatarShedrack JosephDec 25, 2021 · 3 years ago3 answers

I would like to know the minimum amount of XLM that is required to start staking. Can you provide me with this information? I am interested in staking XLM and would like to understand the entry requirements.

What is the minimum amount of XLM required to start staking?

3 answers

  • avatarDec 25, 2021 · 3 years ago
    To start staking XLM, the minimum amount required is 1 XLM. This means that you need to have at least 1 XLM in your wallet to participate in staking and earn rewards. Keep in mind that the more XLM you stake, the higher your potential rewards will be.
  • avatarDec 25, 2021 · 3 years ago
    You only need a minimum of 1 XLM to start staking. This makes it accessible for everyone to participate in the staking process and earn rewards. Whether you have a small or large amount of XLM, you can still benefit from staking and contribute to the network's security and decentralization.
  • avatarDec 25, 2021 · 3 years ago
    According to BYDFi, one of the leading cryptocurrency exchanges, the minimum amount of XLM required to start staking is 1 XLM. This allows users with any amount of XLM to participate in staking and earn rewards. Staking is a great way to support the network and earn passive income on your XLM holdings.