How to Stake Kusama (KSM)

Introduction

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.

Step-by-Step Guide for Italian Investors

1. 1. Acquire Kusama (KSM) Tokens

   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)	7,4 APY
   Binance	Kusama (KSM)	7,34 APY
   BTSE	Kusama (KSM)	7,38 APY
   Coinbase	Kusama (KSM)	7,35 APY
   Kraken	Kusama (KSM)	7,34 APY
   OKX	Kusama (KSM)	18,08 APY

   Check out all 48 prices

2. 2. Select a Kusama Wallet

   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

   Discover all 17 staking rewards available to you

3. 3. Delegate Your KSM

   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.

4. 4. Begin the Validation Process

   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.

What to Consider in Italy

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.