How to Stake Dymension (DYM) in India

Introduction

Staking Dymension can be an excellent choice for those looking to hold DYM while earning returns in a secure manner and supporting the network. The process may seem a bit overwhelming, particularly for first-timers. That's why we've created this guide specifically for you.

Step-by-Step Guide for Indian Investors

1. 1. Acquire Dymension (DYM) Tokens in India

   To stake Dymension, you first need to acquire it. To obtain Dymension, you will have to purchase it from a cryptocurrency exchange. You can select from these popular platforms available in India.

   Platform	Coin	Cost
   PrimeXBT	Dymension (DYM)	0.07
   Binance	Dymension (DYM)	0.07
   Kraken	Dymension (DYM)	0.07
   BingX	Dymension (DYM)	0.07
   Bitfinex	Dymension (DYM)	0.07
   Bitget	Dymension (DYM)	0.07

   See all 36 rates

2. 2. Choose a Dymension Wallet in India

   Once you have DYM, you'll need to choose a Dymension wallet to securely store your tokens. Here are some reliable options available in India.

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

   View all 13 staking rewards available in India

3. 3. Delegate Your DYM in India

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

What to Keep in Mind

When engaging in staking, it's important to factor in transaction fees and staking pool charges. Additionally, there may be a waiting period before you begin to earn rewards. The staking pool must generate blocks, which can take some time to accomplish.