Introduction

Staking Golem can be a great option for those who want to hold GLM 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 Golem (GLM) Tokens

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

   Platform	Coin	Price
   Binance	Golem (GLM)	0.24
   Coinbase	Golem (GLM)	0.24
   OKX	Golem (GLM)	0.29
   Uphold	Golem (GLM)	0.24
   Bake	Golem (GLM)	0.24
   BingX	Golem (GLM)	0.24

   See all 38 prices

2. 2. Choose a Golem Wallet

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

3. 3. Delegate Your GLM

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