Introduction
Staking Kava can be a great option for those who want to hold KAVA 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
1. Obtain Kava (KAVA) tokens
In order to stake Kava, you need to have it. To obtain Kava, you'll need to purchase it. You can choose from these popular exchanges.
See all 12 pricesPlatform Coin Price Bitpanda Kava (KAVA) $0.2939 Uphold Kava (KAVA) $0.3529 Kraken Kava (KAVA) $0.2938 Binance Kava (KAVA) $0.294 Coinbase Kava (KAVA) $0.2944 Bitmart Kava (KAVA) $0.2976 2. Choose a Kava wallet
Once you have KAVA, you’ll need to choose a Kava wallet to store your tokens. Here are some good options.
See all 15 staking rewardsPlatform Coin Staking rewards Bitpanda Kava (KAVA) Up to 8% APY Bitmart Kava (KAVA) Up to 2% APY Binance Kava (KAVA) Up to 6.8% APY Kucoin Kava (KAVA) Up to 6% APY Bitget Kava (KAVA) Up to 5% APY 3. Delegate your KAVA
We recommend using a staking pool when staking KAVA. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their KAVA, 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 Kava network. You’ll be rewarded with KAVA 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.
Latest movements
Kava (KAVA) is currently priced at $0.294 with a 24-hour trading volume of $9.18M. In the last 24 hours, Kava has experienced a decrease of -2.65%. The market cap of Kava stands at 324.55M, with $1.08B KAVA in circulation. For those looking to buy or trade Kava, reputable platforms like Bitpanda, Kraken and Binance offer avenues to do so securely and efficiently.
- Market cap
- $324.55M
- 24h Volume
- $9.18M
- Circulating supply
- $1.08B