Where and how to stake Flow (FLOW)

Introduction

Staking Flow can be a great option for those who wish to hold FLOW 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 Flow (FLOW) Tokens

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

   Platform	Coin	Price
   Bitpanda	Flow (FLOW)	0.71
   Uphold	Flow (FLOW)	0.60
   Kraken	Flow (FLOW)	0.63
   OKX	Flow (FLOW)	0.63
   Binance	Flow (FLOW)	0.60
   Coinbase	Flow (FLOW)	0.62

   See all 11 prices

2. 2. Select a Flow Wallet

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

   Platform	Coin	Staking rewards
   Bitpanda	Flow (FLOW)	Up to 6.00 APY
   Binance	Flow (FLOW)	Up to 7.90 APY

3. 3. Delegate Your FLOW

   We suggest using a staking pool for staking FLOW. It's easier and quicker to get started. A staking pool is a collection of validators who combine their FLOW, 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 Flow network. You'll be rewarded with FLOW 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.