Where and How to Stake Internet Computer (ICP)

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. 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)	4.76
   YouHodler	Internet Computer (ICP)	4.77
   Uphold	Internet Computer (ICP)	5.33
   Kraken	Internet Computer (ICP)	4.76
   OKX	Internet Computer (ICP)	5.15
   Binance	Internet Computer (ICP)	4.76

   See all 54 prices

2. 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 4.9% APY
   Bitmart	Internet Computer (ICP)	Up to 1% APY

   See all 4 staking rewards

3. 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. 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.

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.