Where and How to Stake Nomad (NOM)

Introduction

Staking Nomad can be a great option for those who want to hold NOM 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 Nomad (NOM) Tokens

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

   Platform	Coin	Price
   MEXC Global	Nomad (NOM)	0.01
   Gate.io	Nomad (NOM)	0
   CoinEx	Nomad (NOM)	0

   See all 6 prices

2. 2. Choose a Nomad Wallet

   Once you have NOM, you'll need to choose a Nomad wallet to store your tokens. Here are some good options.

   Platform	Coin	Staking rewards
   Stakewolle	Nomad (NOM)	Up to 200% APY

3. 3. Delegate Your NOM

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