How to Stake Stellar (XLM): A Step-by-Step Guide

Introduction

Staking Stellar can be a great option for those who wish to hold XLM 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. Acquire Stellar (XLM) Tokens
To stake Stellar, you need to have it. To obtain Stellar, you'll need to buy it. You can choose from these popular exchanges.
Platform Coin Price
Nexo Stellar (XLM) 0.24
PrimeXBT Stellar (XLM) 0.24
Uphold Stellar (XLM) 0.24
EarnPark Stellar (XLM) 0.24
YouHodler Stellar (XLM) 0.24
Kraken Stellar (XLM) 0.24
See all 70 prices
2. Select a Stellar Wallet
Once you have XLM, you’ll need to choose a Stellar wallet to store your tokens. Here are some good options.
Platform Coin Staking rewards
YouHodler Stellar (XLM) Up to 9 APY
3. Delegate Your XLM
We suggest using a staking pool for staking XLM. It's easier and quicker to get started. A staking pool is a collection of validators who combine their XLM, which increases their odds of validating transactions and earning rewards. You can do this through your wallet’s interface.
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 Stellar network. You'll be rewarded with XLM for these validations.

Platform	Coin	Price
Nexo	Stellar (XLM)	0.24
PrimeXBT	Stellar (XLM)	0.24
Uphold	Stellar (XLM)	0.24
EarnPark	Stellar (XLM)	0.24
YouHodler	Stellar (XLM)	0.24
Kraken	Stellar (XLM)	0.24

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

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.

Latest Movements

Stellar (XLM) ka vartamaan daam $9 hai aur 24 ghante ka trading volume $49.06Cr hai. Stellar ka bazaar poonji $1.21KCr hai, jismein 3.04KCr XLM prachalan mein hai. Jo vyakti Stellar kharidna ya vinimay karna chahte hain, unke liye YouHodler prastut karta hai

Market cap: $1.21KCr
24 घंटे का वॉल्यूम: $49.06Cr
Circulating supply: 3.04KCr XLM

Check the latest information

Frequently Asked Questions About Staking Stellar (XLM)

What are the current earn rates for Stellar (XLM)?: The current earn rates for Stellar (XLM) include a total of eight available rates. While the average earn rate is not specified, the best rate is offered by YouHodler. These rates can vary based on market conditions and the specific terms set by different platforms. It is essential to stay informed about these rates to maximize your Stellar holdings. For real-time updates and comparisons, consider checking Bitcompare regularly.
How can I earn interest on my Stellar (XLM) holdings?: To earn interest on your Stellar (XLM) holdings, you can deposit your XLM into platforms that offer earn programs. These platforms typically lend your assets to borrowers and pay you interest in return. Currently, YouHodler offers the best earn rate for XLM. It is crucial to review the terms, interest rates, and any associated risks before committing your funds. Regularly checking Bitcompare can help you stay informed about the best options available in the market.
What factors influence the earning rates for Stellar (XLM)?: Several factors influence the earn rates for Stellar (XLM), including market demand, platform policies, and the overall economic environment. Rates may fluctuate based on the available liquidity and the interest rates set by lenders on various platforms. Additionally, competition among platforms offering earn opportunities can impact the rates. To make informed decisions, it is essential to monitor these factors and use Bitcompare for real-time updates and comparisons of current rates.
Are there any risks associated with earning interest on Stellar (XLM)?: Yes, there are risks associated with earning interest on Stellar (XLM). When you deposit your XLM with a platform, you may encounter risks such as platform insolvency, changes in interest rates, and market volatility. Additionally, some platforms may use lending practices that could impact the safety of your assets. It is essential to conduct thorough research on the platform's credibility and terms before participating. Regularly checking Bitcompare can help you stay informed about the best and safest options for earning interest on XLM.
How do I choose the best platform to earn interest on my Stellar (XLM)?: To choose the best platform for earning interest on your Stellar (XLM), consider factors such as the offered interest rates, platform reputation, security measures, and withdrawal flexibility. Compare the available options on Bitcompare to find platforms with competitive rates, such as YouHodler, and favorable terms that meet your needs. Additionally, read user reviews and evaluate the platform's customer support to ensure a safe and reliable experience while earning interest on your XLM holdings.