How to Stake aelf (ELF) in Australia

Introduction

Staking aelf can be a great option for those who want to hold ELF 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 aelf (ELF) Tokens

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

   Platform	Coin	Cost
   Binance	aelf (ELF)	0.23
   OKX	aelf (ELF)	0.25
   Uphold	aelf (ELF)	0.22
   Bake	aelf (ELF)	0.08
   BingX	aelf (ELF)	0.2
   Bitget	aelf (ELF)	0.11

   See all 25 prices

2. 2. Choose a aelf Wallet

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

3. 3. Delegate Your ELF

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