How to Stake Nimiq (NIM) on Figment
Figment may not directly support NIM staking, but you can still use Figment to buy NIM and transfer it for staking.
Current APY
12.0%
Price
$0.0005
Platform Fee
Varies
Platform Type
validator
Start Staking NIM on Figment
Figment gives you full control of your assets. Your assets are insured.
Stake NIM on Figment →Step-by-Step: Stake NIM on Figment
1
Set up a wallet
Install a wallet compatible with Nimiq's blockchain. Popular options include MetaMask, Keplr, Phantom, or the official wallet.
2
Transfer NIM to your wallet
Buy NIM on an exchange and withdraw it to your wallet address.
3
Connect to Figment
Visit Figment's platform and connect your wallet. Make sure you're on the correct network.
4
Select a staking option
Choose the staking pool, validator, or vault that suits your risk tolerance and desired APY.
5
Stake and monitor
Confirm the transaction in your wallet. Monitor your staking position and rewards from Figment's dashboard.
Figment for NIM 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
FAQ: NIM Staking on Figment
What APY can I earn staking NIM on Figment?
The current estimated APY for NIM staking is around 12.0%. Actual rates vary based on network conditions, validator performance, and Figment's fee structure (Varies (institutional pricing)).
Is staking NIM on Figment safe?
Figment is a non-custodial protocol with a high risk profile for NIM 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 NIM from Figment?
Unstaking times depend on the network: Network-dependent. During the unstaking period, your NIM won't earn rewards.
What fees does Figment charge for NIM staking?
Figment charges Varies (institutional pricing). These fees are typically deducted from your staking rewards automatically.
Can I stake NIM on other platforms?
Yes! You can compare all available platforms for NIM staking on our How to Stake Nimiq guide. Different platforms offer different APY rates, fees, and custody models.