Where and How to Stake Komodo (KMD)

Introduction

Staking Komodo can be a great option for those who want to hold KMD but earn yield in a secure way while contributing to the network. The steps can be a bit overwhelming, 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 Komodo (KMD) Tokens

   To stake Komodo, you need to have it. To get Komodo, you'll need to buy it. You can choose from these popular exchanges.

   Platform	Coin	Price
   Binance	Komodo (KMD)	0.16
   Kucoin	Komodo (KMD)	0.16
   CoinEx	Komodo (KMD)	0.16
   FMFW.io	Komodo (KMD)	0.16
   Bitpanda	Komodo (KMD)	0.32
   HTX	Komodo (KMD)	0.16

   See all 11 prices

2. 2. Choose a Komodo Wallet

   Once you have KMD, you’ll need to choose a Komodo wallet to store your tokens. Here are some lekker options.

   Platform	Coin	Staking rewards
   MyCointainer	Komodo (KMD)	Up to 0.01 APY
   Atomic Wallet	Komodo (KMD)	Up to 5.1 APY

3. 3. Delegate Your KMD

   We recommend using a staking pool when staking KMD. It’s simpler and quicker to get going. A staking pool is a group of validators who combine their KMD, which gives them a better 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 Komodo network. You'll be rewarded with KMD for these validations.

What to be Aware of

There are transaction and staking pool fees you need to consider. There might also be a waiting period before you start earning rewards. The staking pool will need to generate blocks, and this might take some time.