How to Stake Osmosis (OSMO) in Australia

Introduction

Staking Osmosis can be a great option for those who want to hold OSMO while earning yield safely and contributing to the network. The steps may seem daunting, especially the first time you attempt them. That's why we've created this guide for you.

Step-by-Step Guide

1. 1. Obtain Osmosis (OSMO) Tokens

   To stake Osmosis, you need to own it. To obtain Osmosis, you'll need to buy it. You can choose from these popular exchanges.

   Platform	Coin	Cost
   Nexo	Osmosis (OSMO)	0.17
   Binance	Osmosis (OSMO)	0.12
   Coinbase	Osmosis (OSMO)	0.12
   Kraken	Osmosis (OSMO)	0.12
   Bake	Osmosis (OSMO)	0.12
   BingX	Osmosis (OSMO)	0.12

   See all 38 prices

2. 2. Choose a Osmosis Wallet

   Once you have OSMO, you'll need to choose a Osmosis wallet to store your tokens. Here are some great options.

   Platform	Coin	Staking returns
   Atomic Wallet	Osmosis (OSMO)	Up to 22% % p.a.
   Binance	Osmosis (OSMO)	Up to 2.5% % p.a.
   Bitget	Osmosis (OSMO)	Up to 8% % p.a.

   View all 22 staking rewards

3. 3. Delegate Your OSMO

   We recommend using a staking pool when staking OSMO. It's simpler and quicker to get started. A staking pool is a group of validators who combine their OSMO, increasing their chances of validating transactions and earning rewards. You can do this through your wallet's interface.

4. 4. Begin Validation

   You'll need to wait for your deposit to be confirmed by your wallet. Once it's confirmed, you'll automatically validate transactions on the Osmosis network. You'll be rewarded with OSMO for these validations.

What to Be Aware Of

There are transaction and staking pool fees to consider. Additionally, there may be a waiting period before you start earning rewards. The staking pool needs to generate blocks, which can take some time.