Introduction

Staking Lisk can be a great option for those who want to hold LSK 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.

Step-by-Step Guide

1. 1. Obtain Lisk (LSK) Tokens

   To stake Lisk, you need to own it. To obtain Lisk, you'll need to buy it. You can choose from these popular exchanges.

   Platform	Coin	Cost
   Binance	Lisk (LSK)	0.21
   Kraken	Lisk (LSK)	0.21
   OKX	Lisk (LSK)	0.58
   BingX	Lisk (LSK)	0.21
   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 great options.

3. 3. Delegate Your LSK

   We recommend using a staking pool when staking LSK. It's simpler and quicker to get started. A staking pool is a group of validators who combine their LSK, increasing their chances of validating transactions and earning rewards. You can do this through your wallet's interface.

4. 4. Begin Validation

   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 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.