Introduction

Staking Lisk can be a great option for those who want to hold LSK but earn yield in a safe way while contributing to the network. The steps can be a little daunting, especially the first time you do them. That's why we've put this guide together for you.

Step-by-Step Guide

1. 1. Obtain Lisk (LSK) Tokens

   In order to stake Lisk, you need to have it. To obtain Lisk, you'll need to purchase it. You can choose from these popular exchanges.

   Platform	Coin	Price
   Binance	Lisk (LSK)	0.2
   Kraken	Lisk (LSK)	0.2
   OKX	Lisk (LSK)	0.58
   BingX	Lisk (LSK)	0.2
   Bitget	Lisk (LSK)	0.2
   Bitpanda	Lisk (LSK)	1.22

   See all 29 prices

2. 2. Choose a Lisk Wallet

   Once you have LSK, you'll need to choose a Lisk wallet to store your tokens. Here are some good options.

3. 3. Delegate Your LSK

   We recommend using a staking pool when staking LSK. It's simpler and faster to get up-and-running. A staking pool is a group of validators who combine their LSK, which gives them a higher chance of validating transactions and earning rewards. You can do this through your wallet's interface.

4. 4. Start Validating

   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 Lisk network. You'll be rewarded with LSK for these validations.

What to be Aware of

There are transaction and staking pool fees you need to consider. There can also be a waiting period before you start earning rewards. The staking pool will need to generate blocks, and this can take some time.