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What is the minimum amount required for staking Fantom in a wallet?

avatarBinderup HamannDec 26, 2021 · 3 years ago3 answers

Can you please provide information on the minimum amount required for staking Fantom in a wallet? I am interested in staking Fantom and would like to know the specific minimum amount needed to get started.

What is the minimum amount required for staking Fantom in a wallet?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    To stake Fantom in a wallet, the minimum amount required is 1 FTM. This means that you need to have at least 1 FTM in your wallet to participate in staking and earn rewards. Keep in mind that staking rewards are proportional to the amount of FTM you stake, so the more you stake, the higher your potential rewards.
  • avatarDec 26, 2021 · 3 years ago
    You can stake Fantom in a wallet with a minimum amount of 1 FTM. This allows even small holders to participate in staking and earn rewards. Staking is a great way to support the Fantom network and earn passive income on your holdings. Just make sure you choose a reliable wallet that supports Fantom staking and follow the instructions to set up your staking account.
  • avatarDec 26, 2021 · 3 years ago
    To stake Fantom in a wallet, you will need a minimum of 1 FTM. This requirement ensures that participants have a vested interest in the network and helps maintain the security and stability of the Fantom blockchain. If you're interested in staking Fantom, you can explore different wallets that support Fantom staking and choose the one that best suits your needs. Remember to do your own research and consider factors like security, user interface, and staking rewards before selecting a wallet.