Where and How to Stake Saga (SAGA)

Introduction

Staking Saga can be a great option for those who want to hold SAGA 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 Saga (SAGA) Tokens

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

   Platform	Coin	Price
   Bitpanda	Saga (SAGA)	1.92
   Kraken	Saga (SAGA)	2.31
   Binance	Saga (SAGA)	2.04
   Bitmart	Saga (SAGA)	1.94
   Bitget	Saga (SAGA)	1.95

   See all 5 prices

2. 2. Choose a Saga Wallet

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

   Platform	Coin	Staking rewards
   Bitpanda	Saga (SAGA)	Up to 9.00 APY
   Stakin	Saga (SAGA)	Up to 7.64 APY

3. 3. Delegate Your SAGA

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