Where and how to stake Kusama (KSM)

Introduction

Staking Kusama can be a great option for those who wish to hold KSM 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 Kusama (KSM) Tokens

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

   Platform	Coin	Price
   Nexo	Kusama (KSM)	21.67
   Bitpanda	Kusama (KSM)	21.61
   Uphold	Kusama (KSM)	21.61
   Kraken	Kusama (KSM)	21.59
   OKX	Kusama (KSM)	21.61
   Binance	Kusama (KSM)	21.6

   See all 22 prices

2. 2. Select a Kusama Wallet

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

   Platform	Coin	Staking rewards
   Uphold	Kusama (KSM)	Up to 9.5 APY
   Bitpanda	Kusama (KSM)	Up to 14 APY
   Ledger	Kusama (KSM)	Up to 13 APY

   See all 11 staking rewards

3. 3. Delegate Your KSM

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