How to Stake Acala (ACA) in Australia

Introduction

Staking Acala can be a great option for those who want to hold ACA 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 Acala (ACA) Tokens

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

   Platform	Coin	Cost
   Binance	Acala (ACA)	0.01
   Kraken	Acala (ACA)	0.01
   OKX	Acala (ACA)	0.04
   BingX	Acala (ACA)	0.01
   Bitget	Acala (ACA)	0.01
   Bitmart	Acala (ACA)	0.03

   See all 26 prices

2. 2. Choose a Acala Wallet

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

   Platform	Coin	Staking returns
   Binance	Acala (ACA)	Up to 11.2% % p.a.
   Bitget	Acala (ACA)	Up to 10% % p.a.

3. 3. Delegate Your ACA

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