DeFi
Sep 24, 2023
How to Stake $ATOM Token: The Ultimate Guide to Staking Wallet Options
Looking for the best crypto wallet for staking ATOM tokens? Learn how to stake $ATOM using Leap Wallet - a multi-chain staking wallet supporting 200+ chains. Simple step-by-step guide for both mobile and desktop users.
Staking $ATOM tokens is one of the most rewarding ways to participate in the Cosmos ecosystem. The right staking wallet makes all the difference in your experience.
Leap Wallet stands out as a premier multi-chain staking wallet that supports not just Cosmos Hub but over 200+ chains natively, with permissionless access to many more.
Let's explore how to stake your $ATOM tokens efficiently using this versatile staking solution.
What is Leap Wallet?
Leap Wallet is an advanced 'super wallet' designed to provide an exceptional user experience across the blockchain landscape. Available as both a mobile app and browser extension, Leap allows you to:
Manage assets across 200+ blockchain networks
Stake tokens directly within the wallet interface
Participate in governance
Transfer assets over IBC
Manage NFTs
And much more
Unlike wallets limited to specific ecosystems, Leap offers a comprehensive solution for crypto enthusiasts seeking simplicity without sacrificing functionality.
Staking ATOM on Mobile with Leap Wallet
Staking on your mobile device takes less than a minute. Here's how:
Open the Leap Wallet app on your mobile
Tap the "Stake" tab on the bottom navigation bar
Click the "Stake" button next to "Your Deposited Amount"
Choose a validator from the randomized list (promoting decentralization)
Select your preferred validator
Enter the amount of $ATOM you want to stake
Customize gas fees if desired using the arrow sign below the "Review" button
Click "Review" to confirm transaction details
Verify everything looks correct and click "Stake ATOM"
That's it! Your $ATOM tokens are now staked and earning rewards.
Staking $ATOM Using Leap Browser Extension
For desktop users, the process is equally straightforward:
Open your Leap Wallet browser extension
Navigate to the "Stake" tab
View any past delegations (if applicable)
Click "Stake" beside "Your deposited amount"
Choose a validator from the available options
Enter the amount of $ATOM you want to stake
Customize gas fees if desired using the arrow sign below the "Review" button
Click "Review" to confirm transaction details
Verify everything looks correct and click "Stake ATOM"
Understanding Cosmos Hub
Cosmos Hub serves as the pioneering public blockchain in the Cosmos Network, functioning as a central hub that connects various blockchains through Inter-Blockchain Communication (IBC). It monitors token types and quantities across all connected blockchains.
When you stake $ATOM tokens, you're not just earning rewards – you're helping secure this vital infrastructure that powers the entire Cosmos ecosystem.
Why Choose Leap as Your Staking Wallet?
Leap distinguishes itself from other staking wallets by offering:
Multi-chain support: Access to 200+ chains natively
User-friendly interface: Designed for both beginners and experienced users
Built-in staking features: No need to connect to external platforms
Enhanced security: Protecting your assets while staking
Regular updates: Constantly improving the staking experience
Important Resources
Follow Leap on X for the latest updates
Download Leap for Mobile or Chrome extension
Explore More Cosmos Hub Guides
How to create a Cosmos Hub Desktop Wallet using Leap Wallet browser extension
How to create a Cosmos Hub Mobile Wallet using Leap Wallet mobile app
Frequently Asked Questions About Staking $ATOM
How long does it take for staked $ATOM to start earning rewards?
Rewards begin accruing immediately after your staking transaction is confirmed on the blockchain, typically within a few seconds.
Can I unstake my $ATOM tokens at any time?
Yes, but there's a 21-day unbonding period during which your tokens are locked and don't earn rewards.
What APY can I expect when staking $ATOM?
APY varies based on network conditions and validator selection, typically ranging from 8-20%. Leap Wallet displays current rates when you're selecting a validator.
Is there a minimum amount required for staking $ATOM?
There's no technical minimum, but consider transaction fees when staking very small amounts.
How do I choose the best validator for staking?
Look for validators with high uptime, reasonable commission rates, and active participation in governance. Avoid validators with too much voting power to promote decentralization.
Are my staked tokens safe in a staking wallet?
Staked tokens remain in your control with Leap Wallet. The wallet never takes custody of your funds, making it one of the best wallets for staking crypto.
When looking for the ideal staking wallet for your $ATOM tokens, consider factors like security, ease of use, and multi-chain support that Leap Wallet provides.
