How to Stake KYVE Network (KYVE)

Introduction

Staking KYVE Network can be an excellent choice for those looking to hold KYVE 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 KYVE Network (KYVE) Tokens

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

   Plattform	Kryptowährung	Price
   BTSE	KYVE Network (KYVE)	0,03 APY
   Crypto.com	KYVE Network (KYVE)	0,01 APY
   Gate.io	KYVE Network (KYVE)	0,01 APY

   View all 5 prices

2. 2. Select a KYVE Network Wallet

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

   Plattform	Kryptowährung	Staking rewards
   Stakin	KYVE Network (KYVE)	Up to 20,38 % APY

3. 3. Delegate Your KYVE

   We recommend using a staking pool when staking KYVE. It's simpler and faster to get started. A staking pool is a collective of validators who pool their KYVE, 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 KYVE Network network. For these validations, you will be rewarded with KYVE.

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.