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How to buy STAKE (STAKE)

Learn how to buy STAKE (STAKE) in our step-by-step guide.

STAKE
STAKE- USD
$3.04
- $0.24 ( - 7.21%)
EXNETWORK-CAPITAL-PORTFOLIO

Where to buy STAKE

It looks like STAKE may not be available to purchase on an exchange in the US.

You can still purchase STAKE by using a decentralized exchange (DEX) instead. Decentralized exchanges are web applications that run on blockchains like Ethereum and allow users to trade any asset directly with one another.

Decentralized exchanges (DEX) are unregulated and run using autonomous pieces of code known as smart contracts. To use a DEX you must interact with the blockchain directly, which is not recommended for novice users. Please learn about decentralized exchanges first if you're unfamiliar.

How to purchase STAKE using a decentralized exchange.
  1. Find STAKE on a decentralized exchange and make sure STAKE can be traded for ETH which is the native asset of Ethereum. Popular DEXs include Uniswap, SushiSwap and 1INCH.
  2. Buy ETH to trade for STAKE using an exchange like Gemini. You will need to purchase enough ETH to swap for STAKE as well as ETH to pay for transaction fees on the Ethereum network (known as gas). You can use a service like Etherscan to get an idea of how much gas fees currently cost.
  3. Transfer the ETH into a web 3.0 wallet like MetaMask to connect to the DEX.
  4. Trade ETH for STAKE on the DEX of your choice, following the instructions on screen. Make sure to leave enough ETH in your wallet to pay for gas.
  5. Wait for the transaction to finalize and the STAKE tokens will arrive in your wallet.
  6. You may now keep the tokens in your web 3.0 wallet or transfer them somewhere more secure like a hardware wallet.

You can follow the same process when you want to sell your tokens, or come back to this page to see if they can now be traded on an exchange in the US.

Best STAKE wallets to store your STAKE

You can keep your STAKE on the exchange you purchased it on, or move it to a personal wallet:

  • Some people like to use their own wallets to guarantee total ownership over their assets, or to use them with other applications like DeFi services.
  • Hardware wallets are typically considered to be the safest type of cryptocurrency wallet, as they use a physical device to enhance security in a number of ways. You can learn more about wallets and compare them with our comprehensive guide.

Recent STAKE developments

November 2021: xDai announced a proposal for a merger with Gnosis, resulting in widespread community backlash. A large number of STAKE holders cried foul, suggesting the plan resembled more of a takeover than a win for all parties.
Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Is STAKE a good investment?

Below are the aspects you should consider before investing in STAKE:
  • Relatively cheap and fast transactions: xDai is a derivative of MakerDAO’s native stablecoin offering (i.e. DAI). When making use of xDai, users can facilitate transactions at really cheap rates — US$0.000021 per tx — within a matter of seconds.
  • Strong leadership: xDai (STAKE) is the brainchild of Igor Barinov, who is also the founder of the POA Network, a project that seeks to optimize Ethereum's scalability and overall functionality. In the past, he has been associated with a number of other prominent startups such as BlockScout, Block Notary and TokenBridge.
  • Operational model: Network participants who own significant amounts of the xDai token can become network validators, thus securing the platform through their efforts. Holders are also afforded the ability to participate in determining network consensus as well as stake their xDai in order to receive passive income streams.
  • Staking: The xDai platform makes use of a public POSDAO and DPoS mechanism, thereby allowing any individual with enough STAKE tokens to run a node within the network.

Additional information about STAKE can be found using our STAKE analysis tools.

Today's STAKE price versus ATH

Compare today's price of STAKE ($3.03 USD) against its all-time-high price of $43 USD on 21 February 2021. The closer the bar is to 100%, the closer STAKE is to reaching its ATH again.

STAKE's price: $3.03
ATH date: February 21, 2021
7.05%

STAKE ATH: $43


How to trade, convert or sell STAKE

You can convert or sell your STAKE with the same exchange you bought it through:
  1. Sign in to the exchange you have STAKE on.
  2. If you store your STAKE in a digital wallet, compare crypto exchanges to convert or sell it on.
  3. Choose Sell or Convert and place a sell order.
  4. Choose the amount of STAKE you'd like to convert or sell.
  5. Confirm the sell price and fees and close your sale of STAKE.
  6. Complete your transaction and move your STAKE to a wallet for storage.

Disclaimer: Cryptocurrencies, including STAKE, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of STAKE is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the STAKE or any other cryptocurrency discussed.

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