How to Stake Kusama (KSM) and Earn Rewards Using Trust Wallet

Staking Kusama (KSM) gives you a rewarding way to contribute to the security and governance of the Kusama network while earning rewards. As the canary network for Polkadot, Kusama plays an important role in the broader blockchain ecosystem, enabling users to test and implement new features before they are deployed on Polkadot.

When you stake KSM, you help to maintain the network’s stability and security. In return, you receive staking rewards. Trust Wallet provides a secure and user-friendly platform to stake KSM, manage your rewards, and participate in the Kusama network. This guide will walk you through the entire process of how to stake KSM using Trust Wallet. From downloading Trust Wallet, to managing your staked tokens, you’ll find everything you need in this guide to stake KSM.

Before You Get Started

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What is KSM Staking?

KSM staking involves delegating your Kusama (KSM) tokens to validators on the Kusama network to help secure the blockchain and validate transactions. When you stake your KSM, you’re not just earning rewards. You’re also actively participating in the network’s governance and security. Validators use your staked tokens to validate transactions, propose new blocks, and maintain the network's integrity.

In return, you earn a share of the rewards generated from the network's operations. Importantly, while your KSM tokens are staked, they are locked up, meaning they cannot be used or transferred until you decide to unstake them. Staking KSM through Trust Wallet simplifies this process, offering you a straightforward way to participate in Kusama staking and earn rewards directly from your wallet.

Why Choose Trust Wallet for Staking KSM?

Trust Wallet is an excellent choice for Kusama staking thanks to its user-friendly design, strong security features, and comprehensive functionality. The Trust Wallet mobile app provides an intuitive interface that makes staking KSM accessible for both beginners and experienced users, simplifying the management of your staking activities.

As a non-custodial wallet, Trust Wallet ensures that you retain full control over your private keys and KSM tokens, keeping your assets secure. Staking features are integrated directly within Trust Wallet, allowing you to easily stake, manage, and monitor your KSM, with real-time information on rewards and APR provided in the ‘Earn’ section. Additionally, Trust Wallet supports a diverse range of cryptocurrencies, enabling you to manage and diversify your crypto holdings from a single platform.

Key Details for Staking KSM Using Trust Wallet

When staking Kusama (KSM) with Trust Wallet, it’s important to be aware of the following key details to ensure a smooth and rewarding experience:

• Minimum amount to stake KSM: To start staking KSM, you need a minimum of 0.1 KSM. This threshold allows you to participate in staking even with smaller amounts, making it accessible to a broader range of users.

• Lockup period: When you stake KSM, your tokens are locked for a period of 28 days. During this time, you cannot withdraw or transfer your staked KSM. Plan accordingly and ensure you don’t need immediate access to these funds.

• Reward rate (APR): The Annual Percentage Rate (APR) for staking KSM can fluctuate based on network conditions and the performance of your chosen validator. Trust Wallet provides current estimates within the app, so you can stay informed about potential rewards. Note that the exact APR is not set or controlled by Trust Wallet.

• Validator commission: Validators may charge a commission for their services, which is separate from Trust Wallet’s functionality. This commission is not controlled by Trust Wallet and can affect the overall rewards you earn.

Trust Wallet does not control the minimum staking amount, lockup period, or staking yield. These parameters are determined by the Kusama network and its staking protocols.

How to Stake KSM Using Trust Wallet

Before you stake, be sure that you have the most up-to-date version of Trust Wallet.

Next, if you don’t have any KSM in your wallet, you can deposit crypto using the “Receive” button, or buy crypto directly using Trust Wallet.

Now you’re ready to stake and earn rewards. Staking can be done in just a few steps, and here’s how.

Note: Below, we’ll use staking KSM as the example, but the process is generally the same for each asset.

• Select the “Earn” button from the wallet home screen.

• Select the asset you want to stake, in this example it’s “KSM.”

• Select “Stake.”

• Choose the amount you want to stake, and choose the validator you want to use by selecting the Validator dropdown.

• Once you choose a validator, select “Continue.”

• Follow the remaining instructions to confirm your stake.

How to Unstake KSM in Trust Wallet

If you would like to unstake your KSM, simply follow the steps below:

• Navigate to ‘Earn’ on the main wallet page and select KSM.

• Choose the Unstake option and proceed as per the given instructions.

Note: You will not be able to withdraw your tokens while they are staked. If you want to withdraw your KSM, staked KSM takes 28 days to unstake. This is not something Trust Wallet controls.

In addition to staking crypto, Trust Wallet lets you manage and interact with 10M+ crypto assets across 100+ blockchains. Download the latest version of Trust Wallet today.

Frequently asked questions about staking KSM using Trust Wallet

How much do you earn staking KSM?

Staking rates may vary depending on the network, and the rate is not set or controlled by Trust Wallet. You can check the rate anytime from within the app or by using the Trust Wallet staking calculator.

Note: Validators and delegators help secure the network through staking and will sometimes charge commission for their services. This is neither controlled by Trust Wallet, nor does Trust Wallet take any proportion of this commission.

Can I use my KSM while they are staked?

No, you won’t be able to use your tokens while they are staked/locked on the Kusama blockchain to your chosen validators.

What is the minimum amount to stake KSM?

The minimum stake amount is 0.1 KSM.

What is the lockup period when I stake KSM?

The lockup period is 28 days.

How do I unstake KSM on Trust Wallet?

To unstake KSM, do the following:

• Go to ‘Earn’ from the main wallet page, choose KSM.

• Select Stake.

• Then choose Unstake and follow the instructions to confirm the unstaking process.

Note: You will not be able to withdraw your tokens while they are staked. If you want to withdraw your KSM, staked KSM takes 28 days to unstake. This is not something Trust Wallet controls.

How do I claim my rewards?

It’s important to note that for KSM rewards are added to your staked balance automatically. Therefore you’d claim those rewards by unstaking any KSM from your staked balance.

Closing Thoughts

Staking Kusama (KSM) using Trust Wallet gives you a secure and user-friendly way to earn rewards while supporting the Kusama network's growth and stability. By following this guide, you can easily navigate the staking process, from setting up your Trust Wallet to managing your staked assets and tracking your rewards.

With the ability to stake KSM, monitor your rewards, and manage your staking activities all within one app, Trust Wallet simplifies the process and helps you stay engaged with your investments.

Disclaimer: Content is for informational purposes and not investment advice. Web3 and crypto come with risk. Please do your own research with respect to interacting with any Web3 applications or crypto assets. View our terms of service.

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Note: Any cited numbers, figures, or illustrations are reported at the time of writing, and are subject to change.