Where and How to Stake Waves (WAVES)

Introduction

Staking Waves can be a great option for those who want to hold WAVES but earn yield in a secure way while contributing to the network. The steps can be a bit overwhelming, 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 Waves (WAVES) Tokens

   To stake Waves, you need to have it. To get Waves, you'll need to buy it. You can choose from these popular exchanges.

   Platform	Coin	Price
   MEXC Global	Waves (WAVES)	1,07
   Bitget	Waves (WAVES)	1,07
   Bitmart	Waves (WAVES)	1,07
   Kucoin	Waves (WAVES)	1,07
   BingX	Waves (WAVES)	1,07
   CoinEx	Waves (WAVES)	1,07

   See all 27 prices

2. 2. Choose a Waves Wallet

   Once you have WAVES, you’ll need to choose a Waves wallet to store your tokens. Here are some lekker options.

   Platform	Coin	Staking rewards
   MyCointainer	Waves (WAVES)	Up to 5% APY

3. 3. Delegate Your WAVES

   We recommend using a staking pool when staking WAVES. It’s simpler and quicker to get going. A staking pool is a group of validators who combine their WAVES, which gives them a better 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 Waves network. You'll be rewarded with WAVES for these validations.

What to be Aware of

There are transaction and staking pool fees you need to consider. There might also be a waiting period before you start earning rewards. The staking pool will need to generate blocks, and this might take some time.