How to Stake Dymension (DYM) in the UK

Introduction

Staking Dymension can be an excellent option for those who wish to hold DYM while earning AER in a secure manner and contributing to the network. The process may seem a bit overwhelming, particularly the first time you undertake it. That's why we've compiled this guide for you.

Step-by-Step Guide

1. 1. Obtain Dymension (DYM) Tokens

   To stake Dymension, you need to possess it. To obtain Dymension, you'll need to purchase it. You can choose from these popular exchanges.

   Platform	Coin	Price
   PrimeXBT	Dymension (DYM)	0.23
   Kraken	Dymension (DYM)	0.23
   Binance	Dymension (DYM)	0.23
   BingX	Dymension (DYM)	0.23
   Bitfinex	Dymension (DYM)	0.22
   Bitget	Dymension (DYM)	0.23

   View all 36 prices

2. 2. Choose a Dymension Wallet

   Once you have DYM, you'll need to choose a Dymension wallet to store your tokens. Here are some suitable options.

   Platform	Coin	Staking rewards
   Binance	Dymension (DYM)	Up to 3.88% AER
   Bitget	Dymension (DYM)	Up to 13.8% AER
   Bitmart	Dymension (DYM)	Up to 1% AER
   Bitpanda	Dymension (DYM)	Up to 6% AER
   Chainode Tech	Dymension (DYM)	Up to 9.02% AER
   Kucoin	Dymension (DYM)	Up to 2.5% AER

   View all 13 staking rewards

3. 3. Delegate Your DYM

   We recommend using a staking pool when staking DYM. It's simpler and quicker to get started. A staking pool is a group of validators who combine their DYM, which increases their chances of validating transactions and earning rewards. You can do 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 is confirmed, you will automatically validate transactions on the Dymension network. You will be rewarded with DYM for these validations.

What to Be Aware Of

There are transaction and staking pool fees you need to consider. There may also be a waiting period before you start earning rewards. The staking pool will need to generate blocks, and this can take some time.