How to Stake Stellar (XLM): A Step-by-Step Guide

Introduction

Staking Stellar can be a great option for those who want to hold XLM 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 Stellar (XLM) Tokens
In order to stake Stellar, you need to have it. To obtain Stellar, you'll need to purchase it. You can choose from these popular exchanges.
Platform Coin Price
Nexo Stellar (XLM) 0.23
PrimeXBT Stellar (XLM) 0.22
EarnPark Stellar (XLM) 0.22
YouHodler Stellar (XLM) 0.22
Binance Stellar (XLM) 0.22
Coinbase Stellar (XLM) 0.22
See all 70 prices
2. Choose a Stellar Wallet
Once you have XLM, you'll need to choose a Stellar wallet to store your tokens. Here are some good options.
Platform Coin Staking rewards
YouHodler Stellar (XLM) Up to 9% APY
3. Delegate Your XLM
We recommend using a staking pool when staking XLM. It's simpler and faster to get up-and-running. A staking pool is a group of validators who combine their XLM, 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 Stellar network. You'll be rewarded with XLM for these validations.

Platform	Coin	Price
Nexo	Stellar (XLM)	0.23
PrimeXBT	Stellar (XLM)	0.22
EarnPark	Stellar (XLM)	0.22
YouHodler	Stellar (XLM)	0.22
Binance	Stellar (XLM)	0.22
Coinbase	Stellar (XLM)	0.22

Platform	Coin	Staking rewards
YouHodler	Stellar (XLM)	Up to 9% APY

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

Stellar (XLM) is currently priced at $9 with a 24-hour trading volume of $490.63M. The market cap of Stellar stands at $12.06B, with 30.38B XLM in circulation. For those looking to buy or trade Stellar, YouHodler offers avenues to do so securely and efficiently

Market cap: $12.06B
24h volume: $490.63M
Circulating supply: 30.38B XLM

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Frequently Asked Questions About Stellar (XLM) Staking

What is Stellar (XLM) and what problem does it aim to solve?: Stellar is a decentralized protocol and network designed to enable fast, low-cost cross-border payments and asset transfers. Its core goal is to connect banks, payment systems, and people, allowing them to move money quickly and cheaply across borders with minimal friction. The Stellar Consensus Protocol (SCP) secures the network and enables scalable settlement, while the native token XLM acts as a bridge currency to facilitate trades and reduce liquidity requirements. For users, this means faster international transactions, lower fees, and improved access to financial services, especially in regions with limited banking infrastructure.
How can I use XLM in everyday transactions and payments?: XLM can be used to fund or settle payments on the Stellar network. If you have an XLM wallet, you can send tokens to other Stellar wallets or to recipients who support Stellar-based payments, often with very low transaction fees and quick finality (often seconds). Some services and exchanges also offer fiat-to-XLM conversion, remittances, and merchant integrations. When sending, consider the network fee and minimum balance requirements for your account, and ensure you’re sending to a valid Stellar address or using an anchor-based service that can convert XLM to a local currency. Always verify recipient details and network fees before initiating transfers.
What are some advanced considerations for investing in Stellar (XLM)?: Investors should evaluate Stellar's long-term utility, ecosystem growth, and competitive landscape. Key factors include: 1) Use-case adoption: partnerships with banks, payment processors, and anchors impacting real-world liquidity and transaction volumes. 2) Network fundamentals: the Stellar Consensus Protocol (SCP) and its resilience for high-throughput settlements. 3) Tokenomics: XLM's supply dynamics, circulating supply vs. total supply, and any burn or inflation mechanisms. 4) Regulatory and market risk: global financial regulations can influence cross-border payment projects. 5) liquidity and exchange coverage: availability on major exchanges, trading pairs, and staking or earning opportunities (if applicable). Diversify risk and only invest what you can afford to lose, keeping a keen eye on developments in the Stellar ecosystem.