There are two differnet ways you can hold your IOST. You can put it in an exchange or hold it in your own wallet. Both options “might” allow you to stake. The focus of this article will be to create an IOST account and import that account into a Huobi Wallet with an option to stake. If you currently have them on an exchange you might want to create a wallet now just in case you need to remove them off the exchange for any reason.
If you currently have IOST and not sure if it’s on exhange or in a wallet you can visit bliss.com for a current ranked list. The most popular exchange for IOST staking is Huobi. The most popular wallet for IOST staking is Huobi Wallet https://www.huobiwallet.com/en/.
Creating an IOST account & wallet has become much easier. Our first step will be to create an IOST account (create a private key). If you plan to hold IOST in your own wallet you must create an IOST account first. Typically you must spend ISOT to create an account, but when you use InsideIOST they will pay for this fee for you. Second, we will take your newly created account (private key) and import it into the Huobi wallet.
Steps To Create Your IOST Wallet & Stake IOST
- Create a free IOST account at InsideIOST. InsideIOST is a Tier 1 contributor and block producer. InsideIOST will also pay for your IOST account creation as part of contributing to the IOST community. You can create an account by visiting https://insideiost.com/index.php/create/
- Download and install your Huobi Wallet Houbi Wallet on your mobile device. (iPhone, iPad, Android)
- Import your private key into your Houbi Wallet. See Importing Private Key Into Wallet below on the process to install your private key.
- Stake IOST in your Huobi Wallet.
Importing Private Key Into Wallet