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Staking Klaytn is an excellent choice for those looking to hold KLAY while earning yield securely and supporting the network. The process may seem overwhelming, especially for first-timers. That's why we've created this guide to help you through it.
To stake Klaytn, you first need to acquire it. You can purchase Klaytn from various popular exchanges.
| Platform | Coin | Cost |
|---|---|---|
| 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 select a Klaytn wallet to keep your tokens safe. Here are some great options.
We suggest using a staking pool for staking KLAY. It's easier and quicker to start. A staking pool consists of validators who pool their KLAY, increasing their chances of validating transactions and earning rewards. You can access this via your wallet's interface.
You will need to wait for your deposit to be confirmed by your wallet. Once confirmed, you will automatically validate transactions on the Klaytn network. You will be rewarded with KLAY for these validations.
Consider the transaction and staking pool fees. Additionally, there may be a waiting period before you begin earning rewards. The staking pool must generate blocks, which can take some time.
