Beginner’s Guide to Staking on Polkadot with Nova Wallet

5 min readDec 18, 2024

Staking is one of the best and most rewarding ways to participate in the Polkadot network. If you’re new to staking or unsure where to start, this guide will walk you through the essentials of staking DOT (Polkadot’s native token) using Nova Wallet — widely considered the best Polkadot wallet for earning maximized staking rewards in a secure and efficient way.

What is Staking?

Staking is the process of locking up your tokens to support the security and operations of a blockchain network. In return, stakers earn rewards, typically in the form of additional tokens.

When you stake DOT on Polkadot, you are contributing to maintaining the security of the network, enabling Polkadot to continue its job of providing decentralized security and interoperability for its parachains.

Why is Polkadot Staking Important?

Polkadot’s staking model ensures:

Staked tokens make the network more resilient to attacks.
By staking, users play a role in distributing power across the network.
Stakers are incentivized with rewards, offering a passive income opportunity.

Polkadot uses a Nominated Proof-of-Stake (NPoS) model, allowing users to act as nominators by selecting reliable validators. This system balances security with rewarding active participation.

How Nova Wallet Simplifies Staking DOT

Nova Wallet is designed with user-friendliness and security in mind, making it the ideal choice for staking DOT. Here’s why:

1-click staking simplifies the entire process by allowing users to stake and earn maximized rewards with just one tap.
Validator suggestions automatically curates a list of the most profitable & reliable validators, helping you make informed decisions.
You can easily monitor your staking rewards directly within the app and receive Push Notifications every time you get your rewards.
Staking is fully optimized for mobile users, ensuring you can manage your assets anytime, anywhere.
Nova Wallet is the easiest way for newcomers to get started using the Polkadot ecosystem and staking DOT with Nova’s Cloud Backups — no need to worry about losing your passphrase
Nova Wallet incorporates advanced security features, biometric/PIN authentication, and hardware wallet support.

Step-by-Step Guide to Staking DOT with Nova Wallet

Ready to start staking? Follow these simple steps:

1. Download Nova Wallet

If you don’t have the app yet, download it from the App Store or Google Play.
Set up your wallet and ensure your DOT tokens are safely stored.

2. Navigate to the Staking Tab

Open Nova Wallet and go to the Staking section.
Select Polkadot (DOT) from the list of supported networks.
Review all of the staking tips that Nova Wallet displays for you, including the unstaking period
Click “start staking”
Input the amount of DOT you wish to stake and press “Continue”.

3. Confirm the Transaction

Review all of the transaction details, including the transaction fee.
Confirm the transaction.

4. Track Your Rewards

Monitor your staking rewards in real-time via the Staking Dashboard in the app, and turn on Push Notifications to know exactly when you receive your staking rewards.
Nova Wallet also allows you to manage unstaking or re-staking with ease.

Why Nova Wallet is the Best Polkadot Wallet for Staking

Nova Wallet supports all Polkadot parachains, making it versatile for the entire ecosystem.
Nova provides the community with educational resources, with which you can learn more about staking and network updates through integrated guides.
The app is regularly updated with new features, ensuring you have the most advanced tools for staking.

Start Staking DOT with Nova Wallet Today!

Staking on Polkadot is a fantastic way to support the network and earn rewards. With Nova Wallet’s intuitive interface, advanced security, and innovative staking features, you can stake DOT and earn maximized rewards with confidence.

Whether you’re a beginner or a seasoned crypto enthusiast, Nova Wallet ensures that staking on Polkadot is seamless and rewarding.
👉 Download Nova Wallet today and start staking your DOT!

About Nova Wallet

Nova Wallet is the ultimate mobile wallet with support for 100+ networks and over 200 assets. With features such as Staking support for 13+ assets, Hardware Wallet integrations for Ledger and Polkadot Vault, DApp Support for both Substrate and EVM chains, Push Notifications, NFTs, and advanced features such as Proxy account support — Nova Wallet is the fastest, most convenient and secure mobile wallet for the Polkadot Ecosystem. Nova Wallet is fully open-sourced and is funded by the Polkadot Treasury.

Developed by Novasama Technologies.

About Novasama Technologies

Novasama Technologies develops user-focused applications for the Polkadot ecosystem. Our portfolio includes Nova Wallet, the leading mobile app for the Polkadot and Kusama ecosystems available on iOS and Android devices; Nova Spektr the full-spectrum Polkadot Desktop Wallet available on macOS, Linux, and Windows; Telenova, the beginner-friendly self-custodial wallet built into Telegram; and Polkadot Vault, the air-gapped hardware wallet for the Polkadot ecosystem.