How to Stake Stride (STRD) in Australia

Introduction

Staking Stride can be a great option for those who want to hold STRD 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 Stride (STRD) Tokens

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

   Platform	Coin	Cost
   Kraken	Stride (STRD)	0.06
   CoinEx	Stride (STRD)	0.06
   MEXC Global	Stride (STRD)	0.06

   See all 6 prices

2. 2. Choose a Stride Wallet

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

   Platform	Coin	Staking returns
   Everstake	Stride (STRD)	Up to 2.85% % p.a.
   MyCointainer	Stride (STRD)	Up to 12.1% % p.a.
   Stakely.io	Stride (STRD)	Up to 1.57% % p.a.
   Stakewolle	Stride (STRD)	Up to 14.56% % p.a.

   View all 7 staking rewards

3. 3. Delegate Your STRD

   We recommend using a staking pool when staking STRD. It's simpler and quicker to get started. A staking pool is a group of validators who combine their STRD, 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 Stride network. You'll be rewarded with STRD 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.