Introduction

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

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

   Platform	Coin	Price
   Bitpanda	XRP (XRP)	$0.5878
   M2	XRP (XRP)	$0.5865
   Uphold	XRP (XRP)	$0.6037
   Wirex	XRP (XRP)	$0.5897
   Kraken	XRP (XRP)	$0.5869
   OKX	XRP (XRP)	$0.5869

   See all 23 prices

2. 2. Choose a XRP wallet

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

3. 3. Delegate your XRP

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