Introduction

Staking Steem can be a great option for those who want to hold STEEM 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 Steem (STEEM) Tokens

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

   Platform	Coin	Cost
   Binance	Steem (STEEM)	0.07
   BingX	Steem (STEEM)	0.13
   Bybit	Steem (STEEM)	0.07
   CoinEx	Steem (STEEM)	0.07
   Gate.io	Steem (STEEM)	0.07
   Hotcoin	Steem (STEEM)	0.13

   See all 20 prices

2. 2. Choose a Steem Wallet

   Once you have STEEM, you'll need to choose a Steem wallet to store your tokens. Here are some great options.

3. 3. Delegate Your STEEM

   We recommend using a staking pool when staking STEEM. It's simpler and quicker to get started. A staking pool is a group of validators who combine their STEEM, 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 Steem network. You'll be rewarded with STEEM 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.