How to Stake Kusama (KSM) in Vietnam

Introduction

Staking Kusama is an excellent choice for those looking to hold KSM 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.

Comprehensive Guide

1. 1. Acquire Kusama (KSM) Tokens

   To stake Kusama, you first need to acquire it. You can purchase Kusama from various popular exchanges.

   Platform	Coin	Cost
   Nexo	Kusama (KSM)	15.1
   Binance	Kusama (KSM)	15.04
   BTSE	Kusama (KSM)	15.06
   Coinbase	Kusama (KSM)	15
   Kraken	Kusama (KSM)	15.03
   OKX	Kusama (KSM)	18.08

   View all 48 prices

2. 2. Select a Kusama Wallet

   Once you have KSM, you'll need to select a Kusama wallet to keep your tokens safe. Here are some great options.

   Platform	Coin	Staking benefits
   Uphold	Kusama (KSM)	Earn up to 4.8% APY
   Binance	Kusama (KSM)	Earn up to 10.9% APY
   Bitpanda	Kusama (KSM)	Earn up to 14% APY

   View all 17 staking rewards

3. 3. Delegate Your KSM

   We suggest using a staking pool for staking KSM. It's easier and quicker to start. A staking pool consists of validators who pool their KSM, increasing their chances of validating transactions and earning rewards. You can access this via your wallet's interface.

4. 4. Begin Validation

   You will need to wait for your deposit to be confirmed by your wallet. Once confirmed, you will automatically validate transactions on the Kusama network. You will be rewarded with KSM for these validations.

Key Considerations

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.