How to Stake Internet Computer (ICP): A Step-by-Step Guide

Introduction

Staking Internet Computer can be a great option for those who want to hold ICP but earn yield in a safe way while contributing to the network. The steps can be a little daunting, especially the first time you do them. That’s why we’ve put this guide together for you.

Step-by-Step Guide

1. Obtain Internet Computer (ICP) Tokens

In order to stake Internet Computer, you need to have it. To obtain Internet Computer, you'll need to purchase it. You can choose from these popular exchanges.

Platform	Coin	Price
PrimeXBT	Internet Computer (ICP)	3.16
YouHodler	Internet Computer (ICP)	3.16
Binance	Internet Computer (ICP)	3.17
Coinbase	Internet Computer (ICP)	3.16
Kraken	Internet Computer (ICP)	3.16
OKX	Internet Computer (ICP)	5.15

See all 54 prices

2. Choose a Internet Computer Wallet
Once you have ICP, you’ll need to choose a Internet Computer wallet to store your tokens. Here are some good options.
Platform Coin Staking rewards
Binance Internet Computer (ICP) Up to 3.92% APY
Bitmart Internet Computer (ICP) Up to 1% APY
See all 4 staking rewards
3. Delegate Your ICP
We recommend using a staking pool when staking ICP. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their ICP, which gives them a higher chance of validating transactions and earning rewards. You can do this through your wallet’s interface.
4. Start Validating
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 Internet Computer network. You’ll be rewarded with ICP for these validations.

Platform	Coin	Staking rewards
Binance	Internet Computer (ICP)	Up to 3.92% APY
Bitmart	Internet Computer (ICP)	Up to 1% APY

What to be Aware of

There are transaction and staking pool fees you need to consider. There can also be a waiting period before you start earning rewards. The staking pool will need to generate blocks, and this can take some time.

Latest Movements

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Market cap: US$4.94B
24h volume: US$219.57M
Circulating supply: 479.09M ICP

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Frequently Asked Questions About Staking Internet Computer (ICP)

What is Internet Computer (ICP) and what are its main features?: Internet Computer (ICP) is a decentralized computing platform created by the DFINITY Foundation that aims to extend the functionality of the internet by enabling developers to build secure, scalable applications without relying on traditional cloud infrastructure. Key features include its unique canister smart contracts, fast transaction speeds facilitated by Chain Key Technology, and a decentralized governance model through the Network Nervous System (NNS), which allows ICP token holders to participate in decision-making.