Where and How to Stake Chainlink (link)

Introduction

Staking Chainlink can be a great option for those who want to hold link 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 Chainlink (link) Tokens

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

   Platform	Coin	Price
   BTSE	Chainlink (link)	23.88
   Nexo	Chainlink (link)	8.99

2. 2. Choose a Chainlink Wallet

   Once you have link, you'll need to choose a Chainlink wallet to store your tokens. Here are some good options.

   Platform	Coin	Staking rewards
   Nexo	Chainlink (link)	Up to 6% APY

3. 3. Delegate Your link

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