How to Stake 1inch (1INCH) in Australia

Introduction

Staking 1inch can be a great option for those who want to hold 1INCH 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 1inch (1INCH) Tokens

   To stake 1inch, you need to own it. To obtain 1inch, you'll need to buy it. You can choose from these popular exchanges.

   Platform	Coin	Cost
   Nexo	1inch (1INCH)	0.16
   PrimeXBT	1inch (1INCH)	0.16
   YouHodler	1inch (1INCH)	0.16
   Binance	1inch (1INCH)	0.16
   BTSE	1inch (1INCH)	0.16
   Coinbase	1inch (1INCH)	0.16

   See all 61 prices

2. 2. Choose a 1inch Wallet

   Once you have 1INCH, you'll need to choose a 1inch wallet to store your tokens. Here are some great options.

   Platform	Coin	Staking returns
   Binance	1inch (1INCH)	Up to 0.2% % p.a.

3. 3. Delegate Your 1INCH

   We recommend using a staking pool when staking 1INCH. It's simpler and quicker to get started. A staking pool is a group of validators who combine their 1INCH, 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 1inch network. You'll be rewarded with 1INCH 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.