Where and how to stake Waves (WAVES)

Introduction

Staking Waves can be a great option for those who wish to hold WAVES 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 Waves (WAVES) Tokens

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

   Platform	Coin	Price
   Azbit	Waves (WAVES)	0.98
   BingX	Waves (WAVES)	0.98
   Bitfinex	Waves (WAVES)	2.33
   Bitget	Waves (WAVES)	0.98
   Bitmart	Waves (WAVES)	0.98
   Bitpanda	Waves (WAVES)	1.69

   See all 27 prices

2. 2. Select a Waves Wallet

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

   Platform	Coin	Staking rewards
   MyCointainer	Waves (WAVES)	Up to 5% APY

3. 3. Delegate Your WAVES

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