Where and How to Stake Kusama (KSM)

Introduction

Staking Kusama can be a great option for those who want to hold KSM 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 Kusama (KSM) Tokens

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

   Platform	Coin	Price
   Nexo	Kusama (KSM)	17.24
   Bitpanda	Kusama (KSM)	16.86
   Wirex	Kusama (KSM)	16.94
   Uphold	Kusama (KSM)	17.15
   Kraken	Kusama (KSM)	16.84
   OKX	Kusama (KSM)	17.04

   See all 20 prices

2. 2. Choose a Kusama Wallet

   Once you have KSM, you’ll need to choose a Kusama wallet to store your tokens. Here are some good options.

   Platform	Coin	Staking rewards
   Uphold	Kusama (KSM)	Up to 9.50 APY
   Bitpanda	Kusama (KSM)	Up to 14.00 APY
   Ledger	Kusama (KSM)	Up to 13.00 APY
   Binance	Kusama (KSM)	Up to 12.90 APY

   See all 11 staking rewards

3. 3. Delegate Your KSM

   We recommend using a staking pool when staking KSM. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their KSM, 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 Kusama network. You’ll be rewarded with KSM 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.