How to Stake Akash Network (AKT) in Australia

Introduction

Staking Akash Network can be a great option for those who want to hold AKT 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 Akash Network (AKT) Tokens

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

   Platform	Coin	Cost
   Coinbase	Akash Network (AKT)	0.37
   Uphold	Akash Network (AKT)	1.38
   Bake	Akash Network (AKT)	0.37
   BingX	Akash Network (AKT)	0.37
   Bitmart	Akash Network (AKT)	0.37
   Bitpanda	Akash Network (AKT)	4.24

   See all 27 prices

2. 2. Choose a Akash Network Wallet

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

   Platform	Coin	Staking returns
   Bitpanda	Akash Network (AKT)	Up to 10% % p.a.
   Chainode Tech	Akash Network (AKT)	Up to 9.8% % p.a.

   View all 9 staking rewards

3. 3. Delegate Your AKT

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