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Staking Klaytn can be a great option for those who want to hold KLAY 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 Klaytn, you need to own it. To obtain Klaytn, you'll need to buy it. You can choose from these popular exchanges.
| Platform | Coin | Cost |
|---|---|---|
| Binance | Klaytn (KLAY) | 0.13 |
| Uphold | Klaytn (KLAY) | 0.26 |
| Kucoin | Klaytn (KLAY) | 0.12 |
| Probit | Klaytn (KLAY) | 0.1 |
Once you have KLAY, you'll need to choose a Klaytn wallet to store your tokens. Here are some great options.
We recommend using a staking pool when staking KLAY. It's simpler and quicker to get started. A staking pool is a group of validators who combine their KLAY, 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 Klaytn network. You'll be rewarded with KLAY 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.
