Where and How to Stake Stellar (XLM)

Introduction

Staking Stellar can be a great choice for those who want to hold XLM 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 Stellar (XLM) Tokens

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

   Platform	Loonies	Price
   Nexo	Stellar (XLM)	0.26
   PrimeXBT	Stellar (XLM)	0.26
   Uphold	Stellar (XLM)	0.26
   EarnPark	Stellar (XLM)	0.27
   Kraken	Stellar (XLM)	0.26
   OKX	Stellar (XLM)	0.26

   See all 70 prices

2. 2. Select a Stellar Wallet

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

   Platform	Loonies	Staking rewards
   YouHodler	Stellar (XLM)	Up to 9 annual percentage yield

3. 3. Delegate Your XLM

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