How to Stake Algorand (ALGO) on Figment

Figment may not directly support ALGO staking, but you can still use Figment to buy ALGO and transfer it for staking.

Current APY

6.0%

Price

$0.1095

Platform Fee

Varies

Platform Type

validator

Start Staking ALGO on Figment

Figment gives you full control of your assets. Your assets are insured.

Stake ALGO on Figment →

Step-by-Step: Stake ALGO on Figment

Set up a wallet

Install a wallet compatible with Algorand's blockchain. Popular options include MetaMask, Keplr, Phantom, or the official wallet.

Transfer ALGO to your wallet

Buy ALGO on an exchange and withdraw it to your wallet address.

Connect to Figment

Visit Figment's platform and connect your wallet. Make sure you're on the correct network.

Select a staking option

Choose the staking pool, validator, or vault that suits your risk tolerance and desired APY.

Stake and monitor

Confirm the transaction in your wallet. Monitor your staking position and rewards from Figment's dashboard.

Figment for ALGO Staking: Pros & Cons

Pros

+ 40+ networks with institutional SLAs
+ Slash insurance from Lloyd's of London
+ Compliance tooling (tax reports, AML)
+ Non-custodial — clients control keys

Cons

- Primarily for institutions — minimums are high
- Not suitable for retail users
- No liquid staking tokens

Other Platforms for ALGO Staking

🏦Coinbase

Exchange · 25–35% commission on rewards

🐙Kraken

Exchange · 10–15% commission on rewards

🔐Ledger

wallet · No platform fee — only network/validator commission

🛡️Trust Wallet

wallet · No platform fee — validator commission only

🌅Exodus

wallet · No platform fee — validator commission only (note: Exodus's swap feature charges spread)

FAQ: ALGO Staking on Figment

What APY can I earn staking ALGO on Figment?

The current estimated APY for ALGO staking is around 6.0%. Actual rates vary based on network conditions, validator performance, and Figment's fee structure (Varies (institutional pricing)).

Is staking ALGO on Figment safe?

Figment is a non-custodial protocol with a low risk profile for ALGO staking. As a non-custodial platform, you retain control of your private keys. Always assess your risk tolerance before staking.

How long does it take to unstake ALGO from Figment?

Unstaking times depend on the network: Network-dependent. During the unstaking period, your ALGO won't earn rewards.

What fees does Figment charge for ALGO staking?

Figment charges Varies (institutional pricing). These fees are typically deducted from your staking rewards automatically.

Can I stake ALGO on other platforms?

Yes! You can compare all available platforms for ALGO staking on our How to Stake Algorand guide. Different platforms offer different APY rates, fees, and custody models.