Earn up to
9.5% p.a.
A comprehensive guide on how to stake Kusama (KSM)
We have a wealth of data on staking Kusama (KSM) and we're pleased to share some of this with you.
We present some staking options with other coins that may be of interest.
Kusama (KSM) is currently priced at USD 10 with a 24-hour trading volume of USD 19.06M. The market cap of Kusama stands at USD 484.59M, with 15.96M KSM in circulation. For those looking to buy or trade Kusama, Uphold offers avenues to do so securely and efficiently
Staking Kusama can be a great option for those who want to hold KSM while earning yield safely and contributing to the network. The steps may seem daunting, especially the first time you attempt them. That's why we've created this guide for you.
To stake Kusama, you need to own it. To obtain Kusama, you'll need to buy it. You can choose from these popular exchanges.
| Platform | Coin | Cost |
|---|---|---|
| Nexo | Kusama (KSM) | 7.62 |
| Binance | Kusama (KSM) | 7.59 |
| BTSE | Kusama (KSM) | 7.58 |
| Coinbase | Kusama (KSM) | 7.59 |
| Kraken | Kusama (KSM) | 7.57 |
| OKX | Kusama (KSM) | 18.08 |
Once you have KSM, you'll need to choose a Kusama wallet to store your tokens. Here are some great options.
| Platform | Coin | Staking returns |
|---|---|---|
| Uphold | Kusama (KSM) | Up to 4.8% p.a. |
| Binance | Kusama (KSM) | Up to 10.9% p.a. |
| Bitpanda | Kusama (KSM) | Up to 14% p.a. |
We recommend using a staking pool when staking KSM. It's simpler and quicker to get started. A staking pool is a group of validators who combine their KSM, increasing their chances of validating transactions and earning rewards. You can do this through your wallet's interface.
You'll need to wait for your deposit to be confirmed by your wallet. Once it's confirmed, you'll automatically validate transactions on the Kusama network. You'll be rewarded with KSM for these validations.
There are transaction and staking pool fees to consider. Additionally, there may be a waiting period before you start earning rewards. The staking pool needs to generate blocks, which can take some time.
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