Stride Staked ATOM (stATOM) is a representative token for staked ATOM, derived through liquid staking using the Stride protocol. It allows seamless transactions, transfers, and DeFi participation while offering staking rewards. stATOM can be converted back to the original ATOM tokens at any point, making it a versatile asset within the Cosmos ecosystem.
Stride Staked ATOM (stATOM) is a representative token for staked ATOM, derived through the process of liquid staking ATOM using the Stride protocol. This token allows for seamless transactions, transfers, and participation in DeFi activities while maintaining liquidity. stATOM can be converted back to the original ATOM tokens at any point, making it a versatile asset within the Cosmos ecosystem.
To store Stride Staked ATOM (stATOM) tokens, you can use a reliable crypto wallet. Here are the steps to follow:
Choose a Crypto Wallet: Select a wallet that works well in your area, accepts your payment method, and follows your preferred policies. Popular options include Coinbase Wallet, MetaMask, and TrustWallet. You can download the wallet extension on Google Chrome or the wallet app from the iOS App Store or Google Play.
Set up Your Wallet: Create an account by providing your personal information and selecting a strong password. You will be given a Secret Recovery Phrase or Seed Words, which is crucial to note down accurately in case you lose your wallet.
Hardware Wallet Option: For added security, consider using a hardware wallet. Store your Stride Staked ATOM in the hardware wallet and keep it disconnected from the internet in a safe. This ensures maximum protection against unauthorized access.
By following these steps, you can securely store your stATOM tokens and manage your cryptocurrency assets effectively.
To buy Stride Staked ATOM (stATOM) tokens, you can follow these steps:
Choose an Exchange: Look for exchanges that list stATOM. Websites like Holder.io and CoinMarketCap provide comprehensive tables featuring stATOM rates across various exchanges.
Create an Account: Sign up for an account on the chosen exchange, ensuring you follow their registration and verification procedures.
Deposit Funds: Deposit the necessary funds, such as ATOM or other supported cryptocurrencies, into your exchange account.
Buy stATOM: Use the deposited funds to purchase stATOM tokens. You can do this through the exchange's trading interface.
Store Your Tokens: After buying stATOM, consider transferring them to a secure wallet, such as a cold wallet, to ensure long-term safety and security.
Remember to carefully study the crypto information and market conditions before investing, as stATOM is a blockchain asset with high risk.