Where and How to Stake Illuvium (ILV)

Introduction

Staking Illuvium can be a great option for those who want to hold ILV 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 Illuvium (ILV) Tokens

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

   Platform	Coin	Price
   Bitpanda	Illuvium (ILV)	34.85
   Uphold	Illuvium (ILV)	34.94
   OKX	Illuvium (ILV)	34.78
   Binance	Illuvium (ILV)	35.68
   Coinbase	Illuvium (ILV)	34.84
   BTSE	Illuvium (ILV)	34.85

   See all 16 prices

2. 2. Choose a Illuvium Wallet

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

   Platform	Coin	Staking rewards
   MyCointainer	Illuvium (ILV)	Up to 2.30 APY

3. 3. Delegate Your ILV

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