Where and how to stake Polkadot (DOT)

Introduction

Staking Polkadot can be a great option for those who wish to hold DOT 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 Polkadot (DOT) Tokens

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

   Platform	Coin	Price
   Nexo	Polkadot (DOT)	5.31
   Bitpanda	Polkadot (DOT)	5.78
   Uphold	Polkadot (DOT)	5.77
   EarnPark	Polkadot (DOT)	5.81
   Klink	Polkadot (DOT)	5.76
   PrimeXBT	Polkadot (DOT)	5.78

   See all 29 prices

2. 2. Select a Polkadot Wallet

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

   Platform	Coin	Staking rewards
   Uphold	Polkadot (DOT)	Up to 12.50 APY
   Bitpanda	Polkadot (DOT)	Up to 14.00 APY
   YouHodler	Polkadot (DOT)	Up to 14.00 APY
   Klink	Polkadot (DOT)	Up to 12.00 APY
   Bitmart	Polkadot (DOT)	Up to 1.00 APY

   See all 21 staking rewards

3. 3. Delegate Your DOT

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