Introduction
Staking Kava can be a great option for those who want to hold KAVA 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 Kava (KAVA) Tokens
In order to stake Kava, you need to have it. To obtain Kava, you'll need to purchase it. You can choose from these popular exchanges.
See all 41 pricesPlatform Coin Price Nexo Kava (KAVA) 0.39 Uphold Kava (KAVA) 0.44 Kraken Kava (KAVA) 0.39 Binance Kava (KAVA) 0.39 Coinbase Kava (KAVA) 0.39 BingX Kava (KAVA) 0.39 2. Choose a Kava Wallet
Once you have KAVA, you'll need to choose a Kava wallet to store your tokens. Here are some good options.
See all 22 staking rewardsPlatform Coin Staking rewards Atomic Wallet Kava (KAVA) Up to 19% APY Binance Kava (KAVA) Up to 4.5% APY Bitget Kava (KAVA) Up to 5% APY 3. Delegate Your KAVA
We recommend using a staking pool when staking KAVA. It's simpler and faster to get up-and-running. A staking pool is a group of validators who combine their KAVA, 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 Kava network. You'll be rewarded with KAVA 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.
Latest Movements
Kava (KAVA) is currently priced at $5 with a 24-hour trading volume of $23.19M. The market cap of Kava stands at $536.2M, with 1.08B KAVA in circulation. For those looking to buy or trade Kava, Atomic Wallet offers avenues to do so securely and efficiently}
- Market cap
- $536.2M
- 24h volume
- $23.19M
- Circulating supply
- 1.08B KAVA
Frequently Asked Questions About Staking Kava (KAVA)
- What are the staking rewards for Kava (KAVA), and how can I earn them?
- Staking rewards for Kava (KAVA) are incentives provided to users who lock their KAVA tokens in the network to support its operations. Currently, there are 12 available rates for staking, with the best rate found on MyCointainer. To earn these rewards, users must delegate their KAVA to a validator, which helps secure the network. The exact rewards can vary based on market conditions and the chosen validator, so it is important to stay informed and regularly check updates on Bitcompare for the latest rates.