Earn up to
9.5% APY in India
An in-depth guide on how to stake Kusama (KSM) in India
We have extensive data on staking Kusama (KSM) and we are excited to share some of this information with you.
We present you with various staking options featuring different coins that may pique your interest.
Kusama (KSM) is currently priced at $10 with a 24-hour trading volume of $1.91Cr. The market cap of Kusama stands at $48.46Cr, with 1.6Cr KSM in circulation. For those looking to buy or trade Kusama, Uphold offers avenues to do so securely and efficiently
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.
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) | 7.62 |
| Binance | Kusama (KSM) | 7.59 |
| BTSE | Kusama (KSM) | 7.58 |
| Coinbase | Kusama (KSM) | 7.59 |
| Kraken | Kusama (KSM) | 7.57 |
| OKX | Kusama (KSM) | 18.08 |
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 |
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.
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.
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.
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