Where and how to stake Stellar (XLM)

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. 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)	0.38
   PrimeXBT	Stellar (XLM)	0.38
   M2	Stellar (XLM)	0.38
   Uphold	Stellar (XLM)	0.38
   EarnPark	Stellar (XLM)	0.38
   Kraken	Stellar (XLM)	0.38

   See all 36 prices

2. 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. 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. 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.

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.