How to Stake Cosmos Hub (ATOM): A Step-by-Step Guide

Introduction

Staking Cosmos Hub can be a great option for those who want to hold ATOM 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. Obtain Cosmos Hub (ATOM) Tokens
In order to stake Cosmos Hub, you need to have it. To obtain Cosmos Hub, you'll need to purchase it. You can choose from these popular exchanges.
Platform Coin Price
Nexo Cosmos Hub (ATOM) 10.03
Bitpanda Cosmos Hub (ATOM) 8.15
Uphold Cosmos Hub (ATOM) 10
PrimeXBT Cosmos Hub (ATOM) 10.01
Kraken Cosmos Hub (ATOM) 9.95
OKX Cosmos Hub (ATOM) 9.99
See all 35 prices
2. Choose a Cosmos Hub Wallet
Once you have ATOM, you’ll need to choose a Cosmos Hub wallet to store your tokens. Here are some good options.
Platform Coin Staking rewards
Uphold Cosmos Hub (ATOM) Up to 11 APY
Bitpanda Cosmos Hub (ATOM) Up to 12 APY
Bitmart Cosmos Hub (ATOM) Up to 1.2 APY
Ledger Cosmos Hub (ATOM) Up to 20 APY
See all 16 staking rewards
3. Delegate Your ATOM
We recommend using a staking pool when staking ATOM. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their ATOM, which gives them a higher chance of validating transactions and earning rewards. You can do this through your wallet’s interface.
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 Cosmos Hub network. You’ll be rewarded with ATOM for these validations.

Platform	Coin	Price
Nexo	Cosmos Hub (ATOM)	10.03
Bitpanda	Cosmos Hub (ATOM)	8.15
Uphold	Cosmos Hub (ATOM)	10
PrimeXBT	Cosmos Hub (ATOM)	10.01
Kraken	Cosmos Hub (ATOM)	9.95
OKX	Cosmos Hub (ATOM)	9.99

Platform	Coin	Staking rewards
Uphold	Cosmos Hub (ATOM)	Up to 11 APY
Bitpanda	Cosmos Hub (ATOM)	Up to 12 APY
Bitmart	Cosmos Hub (ATOM)	Up to 1.2 APY
Ledger	Cosmos Hub (ATOM)	Up to 20 APY

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

Cosmos Hub (ATOM) is currently priced at $15.95 with a 24-hour trading volume of $600,964,575. The market cap of Cosmos Hub stands at $3,900,236,479, with $390,688,369.81 ATOM in circulation. For those looking to buy or trade Cosmos Hub, Uphold offers avenues to do so securely and efficiently}

Market cap: $3.9B
24h volume: $600.96M
Circulating supply: $390.69M

See latest information

Frequently Asked Questions About Staking Cosmos Hub (ATOM)

What is Cosmos (ATOM) staking?: Cosmos (ATOM) staking involves locking up your ATOM tokens to support the network and earn rewards. By staking, you contribute to the network's security and operations, receiving a portion of newly issued ATOM as compensation.
How much can I earn from staking Cosmos (ATOM)?: Staking rewards for Cosmos (ATOM) vary based on network conditions and validator performance. To estimate potential earnings, it's crucial to use tools like Bitcompare for real-time comparisons of staking rates and stay informed of any changes.
How often are staking rewards distributed?: Cosmos (ATOM) staking rewards are typically distributed every few days, but the exact timing can depend on the validator. Regularly check updates on Bitcompare for specifics about validator schedules and reward distribution.
How do I choose the right validator for staking?: Choosing a validator involves considering their commission rate, uptime, and reputation. Bitcompare can assist by offering insights and comparisons to help make more informed choices based on up-to-date information and sentiment analysis.
What are the risks of staking Cosmos (ATOM)?: Staking Cosmos (ATOM) carries risks such as validator performance, slashing events, and network changes. It's essential to stay updated with the latest Cosmos news on Bitcompare to understand these risks and mitigate potential downsides.
Can I unstake my Cosmos (ATOM) at any time?: You can initiate unstaking anytime, but it follows a lock-up period before tokens are available. Staying informed through Bitcompare's feature-rich tools ensures you make timely decisions respecting unstaking timelines and market conditions.
Are there any fees associated with staking Cosmos (ATOM)?: Staking may involve fees like validator commissions, which vary. Use Bitcompare to asses these fees and how they impact your rewards. Keep an eye on any network updates that might affect fee structures, ensuring you iterate decisions appropriately.
Why is staying informed crucial for Cosmos (ATOM) staking?: The crypto market's dynamic nature requires staying informed to optimize staking decisions. Tools on Bitcompare provide valuable insights, price alerts, and trend analyses, assisting users in adapting strategies proactively.