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

Internet Computer (ICP) is currently priced at $1 with a 24-hour trading volume of $219.57M. The market cap of Internet Computer stands at $4.94B, with 479.09M ICP in circulation. For those looking to buy or trade Internet Computer, Binance offers avenues to do so securely and efficiently

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

See latest information

Frequently Asked Questions About Internet Computer (ICP) Staking

What is Internet Computer (ICP) and what problem does it aim to solve?: Internet Computer (ICP) is a blockchain-based platform developed to extend the public internet into a world computer. Its goal is to enable developers to build, host, and run software and decentralized applications directly on the internet, without relying on traditional cloud services or centralized servers. This can reduce reliance on centralized infrastructure, improve scalability for dApps, and enable seamless web-like experiences with on-chain governance. In practice, ICP aims to provide scalable smart contract execution, secure data storage, and interoperable canister-based software, all governed by a network of independent node providers and the Internet Computer Protocol.
How does staking or governance work with ICP, and what should I know before investing?: ICP uses a governance system where ICP holders can participate in voting on network proposals, upgrades, and parameters via the Network Nervous System (NNS). Stakers typically lock up ICP to participate in governance, which helps secure the network and influence its evolution. Before investing, consider the volatility of price (ICP price has shown fluctuations in recent periods), the total and circulating supply, and the staking/participation requirements (including lockup periods and reward structures). Also review network milestones, such as upgrades and ecosystem growth, and keep in mind that participation may require technical familiarity with wallets and the NNS governance interface. Always assess your risk tolerance and consider diversification.
What are typical use cases for ICP, and how can developers interact with the network?: ICP enables a range of use cases centered on running web-like apps, DeFi, and tokenized services directly on the internet. Developers can deploy canisters (smart contracts) that run on the Network Computer, use ICP for governance votes, and leverage stable, scalable hosting without traditional cloud providers. Interacting with the network typically involves using compatible wallets, onboarding ICP, and deploying canisters via development tooling provided by the Internet Computer ecosystem. For developers, practical considerations include understanding cycles (compute costs on the IC), data storage limits, and how to optimize performance and cost. As an investor, monitor ecosystem activity, developer adoption, and real-world dApps built on ICP for evaluating growth potential.