Introduction

Staking NEM can be an excellent option for those who wish to hold XEM 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 NEM (XEM) Tokens

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

   Platform	Coin	Price
   Binance	NEM (XEM)	0.02
   BingX	NEM (XEM)	0
   Bitget	NEM (XEM)	0
   Bitmart	NEM (XEM)	0
   Bitpanda	NEM (XEM)	0.03
   Bybit	NEM (XEM)	0

   View all 25 prices

2. 2. Choose a NEM Wallet

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

3. 3. Delegate Your XEM

   We recommend using a staking pool when staking XEM. It's simpler and quicker to get started. A staking pool is a group of validators who combine their XEM, 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 NEM network. You will be rewarded with XEM 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.