Step 1: Set Up Your Avalanche Wallet

1. Access the Core Wallet: Visit https://core.app using a desktop browser.

2. Create or Import Wallet:

• - New Wallet: Click on "Create Wallet" and follow the prompts to generate a new wallet. Ensure you securely store your recovery phrase.

• - Existing Wallet: If you already have a wallet, click on "Access Wallet" and enter your credentials or recovery phrase.help.allnodes.com

Step 2: Fund Your Wallet with AVAX

1. Obtain AVAX: Purchase AVAX tokens from a reputable cryptocurrency exchange like Coinbase, Binance, or Kraken.

2. Transfer to Core Wallet:

• -In the Core Wallet, click on the "Receive" button to display your wallet address.

• - From your exchange account, send at least 25.1 AVAX to your Core Wallet address. The extra 0.1 AVAX covers transaction fees.help.allnodes.com

Step 3: Transfer AVAX to the P-Chain

Avalanche operates three chains: X-Chain, C-Chain, and P-Chain. Staking requires your AVAX to be on the P-Chain.Avalanche Builder Hub+5Ledger+5avaunt-staking.com+5

1. Initiate Transfer:

• In the Core Wallet, navigate to the "Stake" tab.

• Click on "Transfer AVAX".

2. Configure Transfer:

• Source Chain: Select the chain where your AVAX currently resides (typically X-Chain or C-Chain).

• Destination Chain: Select "P-Chain".

• Amount: Enter the amount you wish to transfer (minimum 25 AVAX).

3. Execute Transfer:

• Click "Confirm Transfer".

• Approve the transaction when prompted.

• Wait for the transfer to complete.Avax.network — Home+4help.allnodes.com+4support.avax.network+4Avalanche Builder Hub+3Reddit+3help.allnodes.com+3support.avax.network+1staking.cryptogeek.info+1

Step 4: Delegate to Cypher Networks Validator

1. Access Delegation Interface:

• In the "Stake" tab, click on "Delegate".

2. Select Validator:

• In the search bar, enter the Node ID: NodeID-PN2hRC7bdduFqj7AXfdhyQAwqomFn98fX.

• Once the Cypher Networks validator appears, click "Select".

3. Configure Delegation:

• Amount: Enter the amount of AVAX you wish to delegate (minimum 25 AVAX).

• Duration: Choose a staking period between 14 days and 365 days. Note that your delegation period cannot extend beyond the validator's own staking period.

• Reward Address: Specify the wallet address where you'd like to receive staking rewards.

• 4. Review and Confirm:

• Double-check all entered details.

• Click "Submit Delegation".

• Approve the transaction when prompted.YouTube+6help.allnodes.com+6support.avax.network+6Cryptomus+8avaunt-staking.com+8support.avax.network+8

Step 5: Await Staking Rewards

• Lock-In Period: Your AVAX tokens will be locked for the duration of the staking period you selected. They cannot be withdrawn until this period ends.

• Rewards Distribution: Upon completion of the staking period, your original AVAX and any earned rewards will be returned to your specified reward address.

Important Considerations

• Minimum Delegation: 25 AVAX.

• Delegation Fee: Validators charge a fee (minimum 2%) from your staking rewards. Ensure you're comfortable with the fee rate before delegating.

• Validator Uptime: If the validator's uptime falls below 80% during your staking period, you may forfeit your rewards. It's crucial to choose a reliable validator.

• Unstaking: Once staked, your AVAX cannot be unstaked until the end of the delegation period.docs.avascan.info+1Reddit+1