If Ethereum’s high fees and slow transaction times have brought you to Cosmos, good for you!
Cosmos is a network of interconnected app chains. At the center of it all is the Cosmos Hub and the ATOM token.
ATOM offers one of the most attractive staking yields, has become the preferred collateral in the ecosystem, and ATOM stakers receive airdrops!
Want to be notified when there are Cosmos ecosystem airdrops to claim? Subscribe to receive updates sent straight to your email inbox!
Claiming airdrops requires a Cosmos-native wallet and Keplr is one of the best.
Sorry Trust, Exodus and Atomic wallet users. You will need to import your seed phrase or Cosmos private key into Keplr to claim airdrops and stake those tokens.
Fortunately, we have a tutorial for that too!
Staking Cosmos (ATOM) from a noncustodial wallet
You have taken the plunge into self-custody and withdrawn your tokens from the exchange. Good for you! Remember, tokens are not held in your wallet. They live on the blockchain and your wallet holds the keys that unlock your address so that you can move them.
Wallets would be more appropriately called “Keychains” or “Keyrings.”
Centralized exchanges run their own validators and are terrible for networks.
Be sure to read our articles: Why You Should Stake With Smaller Validators and Why You Should Not Stake With Coinbase.
It’s important to note that self-custody does have its own set of risks that you must consider. Some of the risk can be eliminated by using a hardware wallet, like a Ledger Nano. We always recommend using a hardware wallet.
Hardware wallets, like Ledger can be connected to Keplr. That will add a layer of security by storing your wallet keys offline. Now, let’s get down to business.
Here’s our detailed step-by-step guide to staking Cosmos ATOM tokens using Keplr browser extension and Keplr mobile wallets.
Let’s Fu%kin Go! (LFG)
How to stake ATOM using Keplr extension wallet
Staking tokens using the Keplr browser extension is simple. It’s a great wallet.
We will assume you already have Keplr installed and ATOM tokens at your address.
1. Click the Keplr extension icon in your browser toolbar.
(see image below)
2. Click the “Manage Portfolio in Keplr Dashboard” button. This will open up a new window in your browser. (see image below)
3. Click “Cosmos Hub” in the left panel. (see image below)
4. Click “Stake.” (see image below)
5. Type “Blocks United” into the search box. (see image below)
6. Click on the Blocks United name and logo. (see image below)
7. Click the “Stake” button. (see image below)
8. Enter then number of ATOM tokens you would like to stake and then click the “Stake” button. (see image below)
NEVER stake 100% of your tokens. ALWAYS leave the spare change to the right of the decimal to pay for future transactions, like claiming staking rewards!
9. Verify the details in the window that pops up and then click “Approve.” (see image below)
10. After a couple seconds your ATOM staking transaction will go through. You will see your staked tokens on the Cosmos Hub wallet page. (see image below)
That’s it! You have staked ATOM tokens with Blocks United. Thanks for staking with us! You are now reliably earning ATOM staking rewards.
How to stake ATOM using Keplr mobile app
If you’re on the go and use your phone most of the time, keep reading. Below is our step-by-step guide to stake ATOM using Keplr mobile.
1. Open the Keplr app on your phone or mobile device.
(see image below)
2. Enter your password to unlock Keplr mobile. (see image below)
3. Click the “Staked” icon on your main wallet page.
(see image below)
4. Click “Stake” to be presented with your available tokens.
(see image below)
5. Click “ATOM” and you will be taken to the validator selection page. (see images below)
6. Type “Blocks United” into the search box and then tap our name and logo. (see image below)
7. Our validator page will appear. Click “Stake.” (see image below)
8. Enter then number of ATOM tokens you would like to stake and then click “Next.” (see image below)
NEVER stake 100% of your tokens. ALWAYS leave the spare change to the right of the decimal to pay for future transactions, like claiming staking rewards!
9. Verify the details and then click “Approve.” (see image below)
10. After a couple seconds your transaction will be completed and your ATOM tokens are staked. Click “Done.” (see images below)
11. Click the “Staked” icon to see your staked ATOM tokens.
12. Click the “Available” icon and you will see your ATOM balance is lower because you have staked your tokens.
That’s it! Your tokens are now staked with Blocks United and you are reliably earning ATOM rewards. Thanks for staking with us!
Hopefully this Keplr staking tutorial has shown you just how simple it is to earn income from your crypto.
Other articles and Cosmos tutorials you might enjoy
How To Stake ATOM Using Cosmostation
How To Choose The Right Cryptocurrency For Staking
Unleash The Power Of Staking And DeFi With Kava
Why You Should Not Stake With Coinbase Or Any Centralized Provider
Validator Jailed? Here’s What To Do
Import Exodus, Atomic and Trust wallets Into Keplr To Claim Airdrops
Frequently Asked Questions
ATOM staking yield is attractive. As of April, 2024 it is over 14%. It is important to note that staking yield fluctuates with inflation, network activity, validator commission, validator performance, etc.
The main risks to consider when staking ATOM are validator performance and your own wallet management. If your validator goes offline for too long or double signs a block, they are slashed and you lose tokens. Fortunately, ATOM validators are battle tested and some of the best in crypto, so this doesn’t happen very often.
More important is your wallet management. NEVER store your wallet seed phrase online. If your seed phrase or private keys are compromised, your funds are at risk of being stolen.v NEVER reveal your seed phrase to anyone.
Never click links in emails that have anything to do with crypto. Phishing emails are super common and scammers are everywhere.
Additionally, be very careful clicking any links you find on social media.
When you select a validator your token’s voting power is moved to the staking module. The staking module then delegates that voting power to your validator. That voting power allows your chosen validator to originate and sign blocks.
You can stake with as little as a single ATOM token. One is the minimum required to stake.
Every project sets their own rules to qualify for their airdrop. Staking at least 25 ATOM tokens should get you just about every airdrop.
Be sure to register for our Cosmos airdrop email.
Nothing we say is financial advice or a recommendation to buy or sell anything. Cryptocurrency is a highly speculative asset class. Staking crypto tokens carries additional risks, including but not limited to smart-contract exploitation, poor validator performance or slashing, token price volatility, loss or theft, lockup periods, and illiquidity. Past performance is not indicative of future results. Never invest more than you can afford to lose. Additionally, the information contained in our articles, social media posts, emails, and on our website is not intended as, and shall not be understood or construed as financial advice. We are not attorneys, accountants, or financial advisors, nor are we holding ourselves out to be. The information contained in our articles, social media posts, emails, and on our website is not a substitute for financial advice from a professional who is aware of the facts and circumstances of your individual situation. We have done our best to ensure that the information provided in our articles, social media posts, emails, and the resources on our website are accurate and provide valuable information. Regardless of anything to the contrary, nothing available in our articles, social media posts, website, or emails should be understood as a recommendation to buy or sell anything and make any investment or financial decisions without consulting with a financial professional to address your particular situation. Blocks United expressly recommends that you seek advice from a professional. Neither Blocks United nor any of its employees or owners shall be held liable or responsible for any errors or omissions in our articles, in our social media posts, in our emails, or on our website, or for any damage or financial losses you may suffer. The decisions you make belong to you and you only, so always Do Your Own Research.
