Where & how to stake Kyber Network Crystal v2 (KNC)

Introduction

Staking Kyber Network Crystal v2 can be a great option for those who want to hold KNC 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

1. 1. Obtain Kyber Network Crystal v2 (KNC) tokens

   In order to stake Kyber Network Crystal v2, you need to have it. To obtain Kyber Network Crystal v2, you'll need to purchase it. You can choose from these popular exchanges.

   Platform	Coin	Price
   Nexo	Kyber Network Crystal v2 (KNC)	$0.4316
   Bitpanda	Kyber Network Crystal v2 (KNC)	$0.4327
   Wirex	Kyber Network Crystal v2 (KNC)	$0.4349
   Uphold	Kyber Network Crystal v2 (KNC)	$0.4653
   Kraken	Kyber Network Crystal v2 (KNC)	$0.4292
   OKX	Kyber Network Crystal v2 (KNC)	$0.4313

   See all 17 prices

2. 2. Choose a Kyber Network Crystal v2 wallet

   Once you have KNC, you’ll need to choose a Kyber Network Crystal v2 wallet to store your tokens. Here are some good options.

   Platform	Coin	Staking rewards
   Bitmart	Kyber Network Crystal v2 (KNC)	Up to 1% APY

3. 3. Delegate your KNC

   We recommend using a staking pool when staking KNC. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their KNC, which gives them a higher 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 Kyber Network Crystal v2 network. You’ll be rewarded with KNC for these validations.

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.