How to Stake Algorand (ALGO) on Nami

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

Current APY

6.0%

Price

$0.1095

Platform Fee

Platform Type

wallet

Start Staking ALGO on Nami

Nami gives you full control of your assets.

Stake ALGO on Nami →

Step-by-Step: Stake ALGO on Nami

Install Nami

Download and install Nami from its official site. Set up a new wallet or import an existing seed phrase, and back up your recovery phrase securely.

Fund the wallet with ALGO

Buy ALGO on an exchange (Coinbase, Kraken, Binance) and withdraw to your Nami address. Double-check the network before sending.

Open the staking section

In Nami, navigate to the staking or earn tab for Algorand. Pick a validator — look for low commission, long uptime, and avoid the top validator to support decentralization.

Delegate and confirm

Enter the amount of ALGO to stake and confirm the transaction. Rewards typically begin accruing in 1–2 epochs and compound automatically or are claimable from the same screen.

Nami for ALGO Staking: Pros & Cons

Pros

+ Minimal, fast UI — pioneered the Cardano dApp connector spec (CIP-30)
+ Lightweight install, low memory footprint
+ Now backed by IOG after 2022 acquisition

Cons

- Browser extension only — no mobile
- ADA-only
- Long-term roadmap unclear post-Lace launch

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 Nami

What APY can I earn staking ALGO on Nami?

The current estimated APY for ALGO staking is around 6.0%. Actual rates vary based on network conditions, validator performance, and Nami's fee structure (No platform fee — pool operator margin only).

Is staking ALGO on Nami safe?

Nami 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 Nami?

Unstaking times depend on the network: None — delegated ADA stays liquid. During the unstaking period, your ALGO won't earn rewards.

What fees does Nami charge for ALGO staking?

Nami charges No platform fee — pool operator margin only. 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.