Introduction

Staking Stellar can be a great option for those who want to hold XLM 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 Stellar (XLM) tokens

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

   Platform	Coin	Price
   Bitpanda	Stellar (XLM)	$0.0957
   M2	Stellar (XLM)	$0.0961
   Uphold	Stellar (XLM)	$0.0985
   Wirex	Stellar (XLM)	$0.0966
   EarnPark	Stellar (XLM)	$0.0952
   Kraken	Stellar (XLM)	$0.096

   See all 20 prices

2. 2. Choose a Stellar wallet

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

3. 3. Delegate your XLM

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