Where & how to stake Mina Protocol (MINA)

Introduction

Staking Mina Protocol can be a great option for those who want to hold MINA 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. 1. Obtain Mina Protocol (MINA) tokens

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

   Platform	Coin	Price
   Bitpanda	Mina Protocol (MINA)	$0.5633
   Uphold	Mina Protocol (MINA)	$0.5614
   Kraken	Mina Protocol (MINA)	$0.562
   OKX	Mina Protocol (MINA)	$0.563
   Binance	Mina Protocol (MINA)	$0.5614
   Coinbase	Mina Protocol (MINA)	$0.563

   See all 13 prices

2. 2. Choose a Mina Protocol wallet

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

   Platform	Coin	Staking rewards
   Bitpanda	Mina Protocol (MINA)	Up to 6% APY
   Bitmart	Mina Protocol (MINA)	Up to 0.5% APY
   Binance	Mina Protocol (MINA)	Up to 4.2% APY
   Kucoin	Mina Protocol (MINA)	Up to 6.5% APY

   See all 10 staking rewards

3. 3. Delegate your MINA

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