Introduction
Staking Kava can be a great choice for those who want to hold KAVA but earn yield in a secure way while contributing to the network. The steps can be a little overwhelming, especially the first time you go through them. That’s why we’ve put this guide together for you.
Step-by-step Guide
1. Get Kava (KAVA) Tokens
To stake Kava, you need to have it. To obtain Kava, you'll need to purchase it. You can choose from these popular exchanges.
See all 41 pricesPlatform Loonies Price Nexo Kava (KAVA) 0.41 Uphold Kava (KAVA) 0.41 Kraken Kava (KAVA) 0.41 Binance Kava (KAVA) 0.41 Coinbase Kava (KAVA) 0.41 MEXC Global Kava (KAVA) 0.41 2. Select a Kava Wallet
Once you have KAVA, you’ll need to choose a Kava wallet to store your tokens. Here are some good options.
See all 22 staking rewardsPlatform Loonies Staking rewards Binance Kava (KAVA) Up to 4.5 annual percentage yield Bitget Kava (KAVA) Up to 5 annual percentage yield MyCointainer Kava (KAVA) Up to 9.1 annual percentage yield Kucoin Kava (KAVA) Up to 6 annual percentage yield 3. Delegate Your KAVA
We recommend using a staking pool when staking KAVA. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their KAVA, 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 Kava network. You'll be rewarded with KAVA 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.
Latest Movements
Kava (KAVA) is currently priced at US$5 with a 24-hour trading volume of US$23.19M. The market cap of Kava is currently at US$536.2M, with 1.08B KAVA in circulation. For those interested in buying or trading Kava, Binance offers ways to do so securely and efficiently
- Market capitalization
- US$536.2M
- 24h volume
- US$23.19M
- Circulating supply
- 1.08B KAVA