How to Stake Safecoin

A Stake-Pool Guide

Follow the guide below to self-stake your Safecoin.

safecoin

Staking
Safecoin.

The guide below is a step-by-step walkthrough of how to stake your Safecoin once you have purchased it from Safe Trade the main exchange for Safecoin.

 
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The official Safecoin web wallet is the best and simplest method for holding and also staking Safecoin. The web wallet can be found here.

The SafeCoin web wallet is a simple and non-custodial wallet created specifically for SafeCoin. Allowing users to connect with the network, and manage their SAFE coins. The wallet private key is only stored on the user’s current computer or device. A 24-word seed phrase is used to recover the wallet in case that the browser’s storage is cleared or the device is damaged or lost.

To use the SafeCoin web wallet go to this page. When you create the wallet it will automatically generate a 24-word recovery phrase. Make sure to write these words down and store them in a safe and secure place and never give these to anyone, they are the key to your funds 

Note that if you lose these words your wallet cannot be restored and your funds will be lost.

After you have written down your recovery phrase, hit the checkbox and click on Continue. The application will now prompt you to create a password. I recommend creating a secure password using a password generator. The password is only used when interacting with the wallet and is not needed when restoring the wallet. So in the event that you have forgotten your password you can always restore your wallet using the 24 recovery words.

After you have entered your secure password, click the CREATE WALLET button. You will then go to the wallet main page which will look similar to the below.
 

To transfer Safecoin to your new web wallet you will first need to purchase it from Safe Trade or an alternative exchange which lists $SAFE.

Once you have purchased some $SAFE go to the your new Web Wallet and select receive. This will allow you to copy your wallet address.

Now go back to the exchange where your $SAFE is stored and select withdraw, entering the wallet address you pasted previously. Confirm the prompts to allow the withdrawal and then you will see the balance in your web wallet increase with the newly received $SAFE.
 

With your $SAFE in your web wallet, you can now stake at stake.safecoin.org. Navigate to the web site and select Stake Now.

On the next page, click CONNECT WALLET and then select SAFELET.
You will see a popup asking you to confirm the connection. Click on CONNECT to allow you wallet to connect to the SafeStake site.
 
 
Once your wallet has connected to SafeStake you can now create your stake account. Click on the Create Stake Account button. In the popup window you can then enter how much $SAFE you want to stake. Its advised to leave 1 $SAFE in the wallet to cover gas fees.
 
You will now be asked to approve the transaction, so click on Approve.
Now that the account is created you are almost there. Now you just need to stake your $SAFE with the Stake-Pool Online Validator Node and then you will start receiving your rewards. Click on the Delegate button and you will be presented with a list of Validators. Scroll down until you see the Stake-Pool Online validator, which will be accompanied by the Stake-Pool Online logo. 
 
 
Once you have selected the Stake-Pool Validator the final step is to Approve the transaction.
 
Congratulations, you have staked your $SAFE and will start earning rewards once the stake has been activated at the next epoch.

The official Safecoin web wallet is the best and simplest method for holding and also staking Safecoin. The web wallet can be found here.

The SafeCoin web wallet is a simple and non-custodial wallet created specifically for SafeCoin. Allowing users to connect with the network, and manage their SAFE coins. The wallet private key is only stored on the user’s current computer or device. A 24-word seed phrase is used to recover the wallet in case that the browser’s storage is cleared or the device is damaged or lost.

To use the SafeCoin web wallet go to this page. When you create the wallet it will automatically generate a 24-word recovery phrase. Make sure to write these words down and store them in a safe and secure place and never give these to anyone, they are the key to your funds 

Note that if you lose these words your wallet cannot be restored and your funds will be lost.

After you have written down your recovery phrase, hit the checkbox and click on Continue. The application will now prompt you to create a password. I recommend creating a secure password using a password generator. The password is only used when interacting with the wallet and is not needed when restoring the wallet. So in the event that you have forgotten your password you can always restore your wallet using the 24 recovery words.

After you have entered your secure password, click the CREATE WALLET button. You will then go to the wallet main page which will look similar to the below.
 

To transfer Safecoin to your new web wallet you will first need to purchase it from Safe Trade or an alternative exchange which lists $SAFE.

Once you have purchased some $SAFE go to the your new Web Wallet and select receive. This will allow you to copy your wallet address.

Now go back to the exchange where your $SAFE is stored and select withdraw, entering the wallet address you pasted previously. Confirm the prompts to allow the withdrawal and then you will see the balance in your web wallet increase with the newly received $SAFE.
 

With your $SAFE in your web wallet, you can now stake at stake.safecoin.org. Navigate to the web site and select Stake Now.

On the next page, click CONNECT WALLET and then select SAFELET.
You will see a popup asking you to confirm the connection. Click on CONNECT to allow you wallet to connect to the SafeStake site.
 
 
Once your wallet has connected to SafeStake you can now create your stake account. Click on the Create Stake Account button. In the popup window you can then enter how much $SAFE you want to stake. Its advised to leave 1 $SAFE in the wallet to cover gas fees.
 
You will now be asked to approve the transaction, so click on Approve.
Now that the account is created you are almost there. Now you just need to stake your $SAFE with the Stake-Pool Online Validator Node and then you will start receiving your rewards. Click on the Delegate button and you will be presented with a list of Validators. Scroll down until you see the Stake-Pool Online validator, which will be accompanied by the Stake-Pool Online logo. 
 
 
Once you have selected the Stake-Pool Validator the final step is to Approve the transaction.
 
Congratulations, you have staked your $SAFE and will start earning rewards once the stake has been activated at the next epoch.