Introduction

Staking Steem can be a great option for those who want to hold STEEM 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 Steem (STEEM) tokens

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

   Platform	Coin	Price
   Binance	Steem (STEEM)	$0.1532
   BingX	Steem (STEEM)	$0.1553
   Bitmart	Steem (STEEM)	$0.2364
   MEXC Global	Steem (STEEM)	$0.1536

   See all 4 prices

2. 2. Choose a Steem wallet

   Once you have STEEM, you’ll need to choose a Steem wallet to store your tokens. Here are some good options.

3. 3. Delegate your STEEM

   We recommend using a staking pool when staking STEEM. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their STEEM, 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 Steem network. You’ll be rewarded with STEEM 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.