Where and How to Stake Litecoin (LTC)

Introduction

Staking Litecoin can be a great choice for those who want to hold LTC 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 Litecoin (LTC) Tokens

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

   Platform	Loonies	Price
   Nexo	Litecoin (LTC)	95.55
   PrimeXBT	Litecoin (LTC)	95.45
   Uphold	Litecoin (LTC)	95.84
   Kraken	Litecoin (LTC)	95.57
   OKX	Litecoin (LTC)	95.53
   YouHodler	Litecoin (LTC)	95.51

   See all 61 prices

2. 2. Select a Litecoin Wallet

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

   Platform	Loonies	Staking rewards
   YouHodler	Litecoin (LTC)	Up to 15 annual percentage yield

3. 3. Delegate Your LTC

   We recommend using a staking pool when staking LTC. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their LTC, 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 Litecoin network. You'll be rewarded with LTC 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.