How to Stake Kusama (KSM)

Introduction

Staking Kusama can be an excellent choice for those 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've created this guide to assist you.

Step-by-Step Anleitung

1. 1. Acquire Kusama (KSM) Tokens

   To stake Kusama, you first need to acquire it. To obtain Kusama, you'll need to purchase it. You can choose from these well-known exchanges available in Germany.

   Plattform	Kryptowährung	Price
   Nexo	Kusama (KSM)	7,4 APY
   Binance	Kusama (KSM)	7,34 APY
   BTSE	Kusama (KSM)	7,38 APY
   Coinbase	Kusama (KSM)	7,35 APY
   Kraken	Kusama (KSM)	7,34 APY
   OKX	Kusama (KSM)	18,08 APY

   View all 48 prices

2. 2. Select a Kusama Wallet

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

   Plattform	Kryptowährung	Staking rewards
   Uphold	Kusama (KSM)	Up to 4,8 % APY
   Binance	Kusama (KSM)	Up to 10,9 % APY
   Bitpanda	Kusama (KSM)	Up to 14 % APY

   Discover all 17 staking rewards available

3. 3. Delegate Your KSM

   We recommend using a staking pool when staking KSM. It's simpler and faster to get started. A staking pool is a collective of validators who pool their KSM, which increases their chances of validating transactions and earning rewards. You can manage this through your wallet's interface.

4. 4. Start Validating

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

What to Consider

There are transaction and staking pool fees you need to consider. Additionally, there may be a waiting period before you begin earning rewards. The staking pool must generate blocks, and this process can take some time.