How to Stake Kusama (KSM) for better returns

Introduction

Staking Kusama can be an excellent choice for individuals looking to hold KSM while earning APY in a secure manner and supporting the network. The process may seem a bit overwhelming, particularly for first-time users. That's why we have created this comprehensive guide to assist you.

Step-by-Step Guide

1. 1. Acquire Kusama (KSM) Tokens

   To stake Kusama, you first need to acquire it. To obtain Kusama, you can purchase it from these well-known exchanges.

   平台	Coin	Price
   Nexo	Kusama (KSM)	15.53 APY
   Binance	Kusama (KSM)	15.48 APY
   BTSE	Kusama (KSM)	15.46 APY
   Coinbase	Kusama (KSM)	15.54 APY
   Kraken	Kusama (KSM)	15.47 APY
   OKX	Kusama (KSM)	18.08 APY

   View all 48 prices

2. 2. Select a Kusama Wallet for Your Needs

   Once you have KSM, you'll need to select a Kusama wallet to securely store your tokens. Here are some excellent options to consider.

   平台	Coin	Staking returns
   Uphold	Kusama (KSM)	Up to 4.8% APY
   Binance	Kusama (KSM)	Up to 10.9% APY
   Bitpanda	Kusama (KSM)	Up to 14% APY

   View all 17 staking rewards available

3. 3. Delegate Your KSM for Enhanced Returns

   We recommend utilizing a staking pool when staking KSM. It is more straightforward and quicker to get started. A staking pool consists of a collective of validators who pool their KSM, enhancing their chances of validating transactions and earning rewards. You can easily manage this through your wallet's interface.

4. 4. Begin Verification

   You will need to wait for your deposit to be confirmed by your wallet. Once it is confirmed, you will automatically validate transactions on the Kusama network. For these validations, you will be rewarded with KSM.

What to Consider in the Chinese Market

When engaging in transactions and participating in staking pools, it's important to factor in the associated fees. Additionally, there may be a waiting period before you begin to receive rewards. The staking pool must successfully generate blocks, which can require some time to accomplish.