Where and how to stake Chainlink (LINK)

Introduction

Staking Chainlink can be a great option for those who wish to hold LINK while earning yield in a safe manner and contributing to the network. The steps can be somewhat daunting, especially the first time you do them. That’s why we have put together this guide for you.

Step-by-Step Guide

1. 1. Acquire Chainlink (LINK) Tokens

   To stake Chainlink, you need to have it. To obtain Chainlink, you'll need to buy it. You can choose from these popular exchanges.

   Platform	Coin	Price
   Nexo	Chainlink (LINK)	24.06
   PrimeXBT	Chainlink (LINK)	23.98
   M2	Chainlink (LINK)	23.95
   Uphold	Chainlink (LINK)	23.97
   Klink	Chainlink (LINK)	24.03
   OKX	Chainlink (LINK)	23.98

   See all 37 prices

2. 2. Select a Chainlink Wallet

   Once you have LINK, you’ll need to choose a Chainlink wallet to store your tokens. Here are some good options.

   Platform	Coin	Staking rewards
   YouHodler	Chainlink (LINK)	Up to 9 APY

3. 3. Delegate Your LINK

   We suggest using a staking pool for staking LINK. It's easier and quicker to get started. A staking pool is a collection of validators who combine their LINK, which increases their odds of validating transactions and earning rewards. You can do this through your wallet’s interface.

4. 4. Start Validating

   You'll have to wait for your deposit to be confirmed by your wallet. Once it's confirmed, you'll automatically validate transactions on the Chainlink network. You'll be rewarded with LINK for these validations.

What to Keep in Mind

You need to keep in mind the transaction and staking pool fees. Additionally, there might be a waiting period before you begin earning rewards. The staking pool will need to generate blocks, and this can take a while.