Introduction

Staking Lisk can be an excellent choice for those looking to hold LSK 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 Lisk (LSK) Tokens

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

   Plattform	Kryptowährung	Price
   Binance	Lisk (LSK)	0,21 APY
   Kraken	Lisk (LSK)	0,21 APY
   OKX	Lisk (LSK)	0,58 APY
   BingX	Lisk (LSK)	0,21 APY
   Bitget	Lisk (LSK)	0,2 APY
   Bitpanda	Lisk (LSK)	1,22 APY

   View all 29 prices

2. 2. Select a Lisk Wallet

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

3. 3. Delegate Your LSK

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

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.