Where and How to Stake NEM (XEM)

Introduction

Staking NEM can be a great option for those who want to hold XEM 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 NEM (XEM) Tokens

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

   Platform	Coin	Price
   Bitpanda	NEM (XEM)	0.03
   Bitmart	NEM (XEM)	0.02
   BingX	NEM (XEM)	0.03
   Bitget	NEM (XEM)	0.03
   Kucoin	NEM (XEM)	0.03
   Bybit	NEM (XEM)	0.02

   See all 10 prices

2. 2. Choose a NEM Wallet

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

   Platform	Coin	Staking rewards
   MyCointainer	NEM (XEM)	Up to 0.1 APY

3. 3. Delegate Your XEM

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