Where and How to Stake Waves (WAVES)

Introduction

Staking Waves can be a great option for those who want to hold WAVES 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 Waves (WAVES) Tokens

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

   Platform	Coin	Price
   Bitmart	Waves (WAVES)	1.65
   MEXC Global	Waves (WAVES)	1.65
   Bitget	Waves (WAVES)	1.65
   BingX	Waves (WAVES)	1.65
   Gate.io	Waves (WAVES)	1.65
   Kucoin	Waves (WAVES)	1.65

   See all 15 prices

2. 2. Choose a Waves Wallet

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

   Platform	Coin	Staking rewards
   MyCointainer	Waves (WAVES)	Up to 5 APY

3. 3. Delegate Your WAVES

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