Introduction

Staking Kyber Network Crystal can be a great option for those who wish to hold KNC 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 Kyber Network Crystal (KNC) Tokens

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

   Platform	Coin	Price
   Nexo	Kyber Network Crystal (KNC)	0.36
   Kraken	Kyber Network Crystal (KNC)	0.36
   OKX	Kyber Network Crystal (KNC)	0.39
   Binance	Kyber Network Crystal (KNC)	0.36
   BTSE	Kyber Network Crystal (KNC)	0.36
   Coinbase	Kyber Network Crystal (KNC)	0.36

   See all 49 prices

2. 2. Select a Kyber Network Crystal Wallet

   Once you have KNC, you’ll need to choose a Kyber Network Crystal wallet to store your tokens. Here are some good options.

3. 3. Delegate Your KNC

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