Latest Trends in India
- Market capitalization
- $17.72Cr
- 24-hour trading volume
- $6.53Cr
- Circulating supply in the market
- 16.6Cr LSK
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Staking Lisk can be an excellent choice for those looking to hold LSK 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 Lisk, you first need to acquire it. To obtain Lisk, you will have to purchase it from a cryptocurrency exchange. You can select from these popular platforms available in India.
| Platform | Coin | Cost |
|---|---|---|
| Binance | Lisk (LSK) | 0.21 |
| Kraken | Lisk (LSK) | 0.21 |
| OKX | Lisk (LSK) | 0.58 |
| BingX | Lisk (LSK) | 0.21 |
| Bitget | Lisk (LSK) | 0.2 |
| Bitpanda | Lisk (LSK) | 1.22 |
Once you have LSK, you'll need to choose a Lisk wallet to securely store your tokens. Here are some reliable options available in India.
We recommend using a staking pool when staking LSK. It's simpler and quicker to get started. A staking pool is a collective of validators who combine their LSK, 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 Lisk network. For these validations, you will be rewarded with LSK.
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.
