Gather and measure all the ingredients you’ll need.
Rinse the potatoes well under running water.
Pat the potatoes dry with a clean kitchen towel.
Use a fork to poke each potato about six times, making sure to get all sides.
Get your Instant Pot ready for use.
Place the silicone insert at the bottom to keep the potatoes from sticking or burning.
Add the potatoes and water into the Instant Pot.
Seal the pot, set it to “Pressure Cook” on high, and cook for 12 minutes.
Let the pot rest for 5 minutes once cooking ends, then carefully release the pressure and open. Check doneness with a knife—it should slide in easily. If not, cook 2 more minutes.
Garnish
While the potatoes finish, prepare your garnish toppings.
Cut each baked potato in half.
Add butter and cheese as the first layer of garnish.
Finish with any extra toppings you love. Serve and enjoy!