Earn up to
5.1% APY
An in-depth guide on how to stake Komodo (KMD)
We have a lot of data on staking Komodo (KMD) and we share some of this with you.
We show you some staking options with other coins that could be of interest.
Komodo (KMD) is currently priced at $5.1 with a 24-hour trading volume of $1.5M. The market cap of Komodo stands at $41.93M, with 140.65M KMD in circulation. For those looking to buy or trade Komodo, Atomic Wallet offers avenues to do so securely and efficiently
Staking Komodo can be a great option for those who want to hold KMD 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.
In order to stake Komodo, you need to have it. To obtain Komodo, you'll need to purchase it. You can choose from these popular exchanges.
| Platform | Coin | Price |
|---|---|---|
| Binance | Komodo (KMD) | 0.02 |
| Bitpanda | Komodo (KMD) | 0.32 |
| CoinEx | Komodo (KMD) | 0.04 |
| FMFW.io | Komodo (KMD) | 0.01 |
| HTX | Komodo (KMD) | 0.03 |
| Kucoin | Komodo (KMD) | 0.04 |
Once you have KMD, you'll need to choose a Komodo wallet to store your tokens. Here are some good options.
| Platform | Coin | Staking rewards |
|---|---|---|
| Atomic Wallet | Komodo (KMD) | Up to 5.1% APY |
| MyCointainer | Komodo (KMD) | Up to 0.01% APY |
We recommend using a staking pool when staking KMD. It's simpler and faster to get up-and-running. A staking pool is a group of validators who combine their KMD, which gives them a higher chance of validating transactions and earning rewards. You can do this through your wallet's interface.
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.
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.
