Earn up to
9,5% APY on your investments.
An in-depth guide on how to stake Kusama (KSM) in Italy
We have a wealth of information on staking Kusama (KSM) and we are pleased to share some of this with you.
We present you with various staking options featuring different cryptocurrencies that may pique your interest.
Kusama (KSM) is currently priced at US$10 with a 24-hour trading volume of US$19.06M. The market cap of Kusama stands at US$484.59M, with 15,96M KSM in circulation. For those looking to buy or trade Kusama, Uphold offers avenues to do so securely and efficiently
Staking Kusama can be an excellent choice for those looking to hold KSM while earning APY in a secure manner and supporting the network. The process may seem a bit intimidating, particularly for first-timers. That’s why we’ve created this guide to assist you.
To stake Kusama, you must first acquire it. To obtain Kusama, you'll need to buy it. You can select from these well-known exchanges available in Italy.
| Piattaforma | Criptovaluta | Value |
|---|---|---|
| Nexo | Kusama (KSM) | 7,62 APY |
| Binance | Kusama (KSM) | 7,59 APY |
| BTSE | Kusama (KSM) | 7,58 APY |
| Coinbase | Kusama (KSM) | 7,59 APY |
| Kraken | Kusama (KSM) | 7,57 APY |
| OKX | Kusama (KSM) | 18,08 APY |
Once you have KSM, you'll need to select a Kusama wallet to securely store your tokens. Here are some excellent options tailored for the Italian market.
| Piattaforma | Criptovaluta | Staking rewards |
|---|---|---|
| Uphold | Kusama (KSM) | Up to 4,8% APY |
| Binance | Kusama (KSM) | Up to 10,9% APY |
| Bitpanda | Kusama (KSM) | Up to 14% APY |
We recommend using a staking pool when staking KSM. It's more straightforward and quicker to get started. A staking pool is a collective of validators who pool their KSM, enhancing their chances of validating transactions and earning rewards. You can manage this through your wallet's interface.
You'll need to wait for your deposit to be confirmed by your wallet. Once it's confirmed, you'll automatically validate transactions on the Kusama network. For these validations, you'll receive rewards in KSM.
When engaging in staking, it's important to factor in the transaction and staking pool fees. Additionally, you may encounter a waiting period before you begin to earn rewards. The staking pool must generate blocks, which can take a bit of time.
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