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Where and How to Stake Algorand (ALGO)

Earn up to
0.5% APY

Stake with Bitmart

What you'll learn

  1. 1

    How to Stake Algorand (ALGO)

    An in-depth guide on how to stake Algorand (ALGO)

  2. 2

    Statistics about Algorand Staking

    We have a lot of data on staking Algorand (ALGO) and we share some of this with you.

  3. 3

    Other coins you can Stake

    We show you some staking options with other coins that could be of interest.

Introduction

Staking Algorand can be a great option for those who want to hold ALGO 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 Guide

  1. 1. Obtain Algorand (ALGO) Tokens

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

  2. 2. Choose a Algorand Wallet

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

    PlatformCoinStaking rewards
    BitmartAlgorand (ALGO)Up to 0.5 APY
    BinanceAlgorand (ALGO)Up to 1.5 APY
    LedgerAlgorand (ALGO)Up to 10.02 APY
    See all 6 staking rewards
  3. 3. Delegate Your ALGO

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

Latest Movements

Algorand (ALGO) is currently priced at $1.5 with a 24-hour trading volume of $179.17M. The market cap of Algorand stands at $2.94B, with $8.33B ALGO in circulation. For those looking to buy or trade Algorand, Bitmart offers avenues to do so securely and efficiently}

Market cap
$2.94B
24h volume
$179.17M
Circulating supply
$8.33B
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