How to Stake Stellar (XLM): A Comprehensive Guide for the UK

Introduction

Staking Stellar can be an excellent option for those who wish to hold XLM 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. Obtain Stellar (XLM) Tokens
To stake Stellar, you need to possess it. To obtain Stellar, you'll need to purchase it. You can choose from these popular exchanges.
Platform Coin Price
Nexo Stellar (XLM) 0.22
PrimeXBT Stellar (XLM) 0.22
EarnPark Stellar (XLM) 0.21
YouHodler Stellar (XLM) 0.22
Binance Stellar (XLM) 0.22
Coinbase Stellar (XLM) 0.22
View all 70 prices
2. Choose a Stellar Wallet
Once you have XLM, you'll need to choose a Stellar wallet to store your tokens. Here are some suitable options.
Platform Coin Staking rewards
YouHodler Stellar (XLM) Up to 9% AER
3. Delegate Your XLM
We recommend using a staking pool when staking XLM. It's simpler and quicker to get started. A staking pool is a group of validators who combine their XLM, which increases their chances of validating transactions and earning rewards. You can do this through your wallet's interface.
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 Stellar network. You will be rewarded with XLM for these validations.

Platform	Coin	Price
Nexo	Stellar (XLM)	0.22
PrimeXBT	Stellar (XLM)	0.22
EarnPark	Stellar (XLM)	0.21
YouHodler	Stellar (XLM)	0.22
Binance	Stellar (XLM)	0.22
Coinbase	Stellar (XLM)	0.22

Platform	Coin	Staking rewards
YouHodler	Stellar (XLM)	Up to 9% AER

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.