How to Stake Kusama (KSM) in India

Introduction

Staking Kusama can be an excellent choice for those looking to hold KSM 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 Kusama (KSM) Tokens in India

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

   Platform	Coin	Cost
   Nexo	Kusama (KSM)	15.87
   Uphold	Kusama (KSM)	16.79
   Kraken	Kusama (KSM)	15.62
   OKX	Kusama (KSM)	18.08
   Binance	Kusama (KSM)	15.61
   BTSE	Kusama (KSM)	15.64

   See all 48 rates

2. 2. Choose a Kusama Wallet in India

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

   Platform	Coin	Staking rewards in India
   Uphold	Kusama (KSM)	Up to 4.8% APY
   Binance	Kusama (KSM)	Up to 10.9% APY
   Bitpanda	Kusama (KSM)	Up to 14% APY

   View all 17 staking rewards available in India

3. 3. Delegate Your KSM in India

   We recommend using a staking pool when staking KSM. It's simpler and quicker to get started. A staking pool is a collective of validators who combine their KSM, 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 Kusama network. For these validations, you will be rewarded with KSM.

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.