Introduction

Staking Golem can be an excellent choice for individuals looking to hold GLM while earning APY in a secure manner and supporting the network. The process may seem a bit overwhelming, particularly for first-time users. That's why we have created this comprehensive guide to assist you.

Step-by-Step Guide

1. 1. Acquire Golem (GLM) Tokens

   To stake Golem, you first need to acquire it. To obtain Golem, you can purchase it from these well-known exchanges.

   平台	Coin	Price
   PrimeXBT	Golem (GLM)	0.17 APY
   Binance	Golem (GLM)	0.17 APY
   Coinbase	Golem (GLM)	0.18 APY
   OKX	Golem (GLM)	0.29 APY
   Uphold	Golem (GLM)	0.24 APY
   Bake	Golem (GLM)	0.18 APY

   View all 39 prices

2. 2. Select a Golem Wallet for Your Needs

   Once you have GLM, you'll need to select a Golem wallet to securely store your tokens. Here are some excellent options to consider.

3. 3. Delegate Your GLM for Enhanced Returns

   We recommend utilizing a staking pool when staking GLM. It is more straightforward and quicker to get started. A staking pool consists of a collective of validators who pool their GLM, enhancing their chances of validating transactions and earning rewards. You can easily manage this through your wallet's interface.

4. 4. Begin Verification

   You will need to wait for your deposit to be confirmed by your wallet. Once it is confirmed, you will automatically validate transactions on the Golem network. For these validations, you will be rewarded with GLM.

What to Consider in the Chinese Market

When engaging in transactions and participating in staking pools, it's important to factor in the associated fees. Additionally, there may be a waiting period before you begin to receive rewards. The staking pool must successfully generate blocks, which can require some time to accomplish.