Where and How to Stake Kusama (KSM)

Introduction

Staking Kusama can be a great choice for those who want to hold KSM 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. 1. Get Kusama (KSM) Tokens

   To stake Kusama, you need to have it. To obtain Kusama, you'll need to purchase it. You can choose from these popular exchanges.

   Platform	Loonies	Price
   Nexo	Kusama (KSM)	17.65
   Uphold	Kusama (KSM)	17.59
   Kraken	Kusama (KSM)	17.57
   OKX	Kusama (KSM)	17.24
   Binance	Kusama (KSM)	17.59
   BTSE	Kusama (KSM)	17.6

   See all 48 prices

2. 2. Select a Kusama Wallet

   Once you have KSM, you’ll need to choose a Kusama wallet to store your tokens. Here are some good options.

   Platform	Loonies	Staking rewards
   Uphold	Kusama (KSM)	Up to 9.75 annual percentage yield
   Binance	Kusama (KSM)	Up to 10.9 annual percentage yield
   MyCointainer	Kusama (KSM)	Up to 11.05 annual percentage yield
   Kucoin	Kusama (KSM)	Up to 9 annual percentage yield

   See all 17 staking rewards

3. 3. Delegate Your KSM

   We recommend using a staking pool when staking KSM. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their KSM, which gives them a higher chance of validating transactions and earning rewards. You can do this through your wallet’s interface.

4. 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 Kusama network. You'll be rewarded with KSM 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.