How to Stake Stellar (XLM)

Introduction

Staking Stellar can be an excellent choice for those looking to hold XLM 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 Stellar (XLM) Tokens

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

   Plattform	Kryptowährung	Price
   Nexo	Stellar (XLM)	0,22 APY
   PrimeXBT	Stellar (XLM)	0,22 APY
   EarnPark	Stellar (XLM)	0,22 APY
   YouHodler	Stellar (XLM)	0,22 APY
   Binance	Stellar (XLM)	0,22 APY
   Coinbase	Stellar (XLM)	0,22 APY

   View all 70 prices

2. 2. Select a Stellar Wallet

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

   Plattform	Kryptowährung	Staking rewards
   YouHodler	Stellar (XLM)	Up to 9 % APY

3. 3. Delegate Your XLM

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

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.