How to Stake Stellar (XLM) in Vietnam

Introduction

Staking Stellar is an excellent choice for those looking to hold XLM 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 Stellar (XLM) Tokens

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

   Platform	Coin	Cost
   Nexo	Stellar (XLM)	0.22
   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

   View all 70 prices

2. 2. Select a Stellar Wallet

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

   Platform	Coin	Staking benefits
   YouHodler	Stellar (XLM)	Earn up to 9% APY

3. 3. Delegate Your XLM

   We suggest using a staking pool for staking XLM. It's easier and quicker to start. A staking pool consists of validators who pool their XLM, 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 Stellar network. You will be rewarded with XLM 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.