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Staking Klaytn can be a great option for those who want to hold KLAY 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.
In order to stake Klaytn, you need to have it. To obtain Klaytn, you'll need to purchase it. You can choose from these popular exchanges.
| Platform | Coin | Price |
|---|---|---|
| Binance | Klaytn (KLAY) | 0.13 |
| Uphold | Klaytn (KLAY) | 0.26 |
| Kucoin | Klaytn (KLAY) | 0.12 |
| Probit | Klaytn (KLAY) | 0.1 |
Once you have KLAY, you'll need to choose a Klaytn wallet to store your tokens. Here are some good options.
We recommend using a staking pool when staking KLAY. It's simpler and faster to get up-and-running. A staking pool is a group of validators who combine their KLAY, which gives them a higher chance of validating transactions and earning rewards. You can do this through your wallet's interface.
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 Klaytn network. You'll be rewarded with KLAY for these validations.
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.
