How to Stake Stellar (XLM) in India

Introduction

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

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

   Platform	Coin	Cost
   Nexo	Stellar (XLM)	0.23
   PrimeXBT	Stellar (XLM)	0.22
   EarnPark	Stellar (XLM)	0.22
   YouHodler	Stellar (XLM)	0.22
   Binance	Stellar (XLM)	0.22
   Coinbase	Stellar (XLM)	0.22

   See all 70 rates

2. 2. Choose a Stellar Wallet in India

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

   Platform	Coin	Staking rewards in India
   YouHodler	Stellar (XLM)	Up to 9% APY

3. 3. Delegate Your XLM in India

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

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.