Introduction
Staking Stacks can be a great option for those who want to hold STX 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
- 1
Obtain Stacks (STX) tokens
In order to stake Stacks, you need to have it. To obtain Stacks, you'll need to purchase it. You can choose from these popular exchanges.
- 2
Choose a Stacks wallet
Once you have STX, you’ll need to choose a Stacks wallet to store your tokens. Here are some good options.
- 3
Delegate your STX
We recommend using a staking pool when staking STX. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their STX, which gives them a higher chance of validating transactions and earning rewards. You can do this through your wallet’s interface.
- 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 Stacks network. You’ll be rewarded with STX 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.
