Earn up to
5.1% p.a.
A comprehensive guide on how to stake Komodo (KMD)
We have a wealth of data on staking Komodo (KMD) and we're pleased to share some of this with you.
We present some staking options with other coins that may be of interest.
Komodo (KMD) is currently priced at USD 5.1 with a 24-hour trading volume of USD 1.5M. The market cap of Komodo stands at USD 41.93M, with 140.65M KMD in circulation. For those looking to buy or trade Komodo, Atomic Wallet offers avenues to do so securely and efficiently
Staking Komodo can be a great option for those who want to hold KMD 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 Komodo, you need to own it. To obtain Komodo, you'll need to buy it. You can choose from these popular exchanges.
| Platform | Coin | Cost |
|---|---|---|
| Binance | Komodo (KMD) | 0.02 |
| Bitpanda | Komodo (KMD) | 0.32 |
| CoinEx | Komodo (KMD) | 0.04 |
| FMFW.io | Komodo (KMD) | 0.01 |
| HTX | Komodo (KMD) | 0.03 |
| Kucoin | Komodo (KMD) | 0.04 |
Once you have KMD, you'll need to choose a Komodo wallet to store your tokens. Here are some great options.
| Platform | Coin | Staking returns |
|---|---|---|
| Atomic Wallet | Komodo (KMD) | Up to 5.1% p.a. |
| MyCointainer | Komodo (KMD) | Up to 0.01% p.a. |
We recommend using a staking pool when staking KMD. It's simpler and quicker to get started. A staking pool is a group of validators who combine their KMD, 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 Komodo network. You'll be rewarded with KMD 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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