How to Stake ALEO (ALEO) in Australia

Introduction

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

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

   Platform	Coin	Cost
   Coinbase	ALEO (ALEO)	0.13
   BingX	ALEO (ALEO)	0.13
   Bitmart	ALEO (ALEO)	0.13
   Bybit	ALEO (ALEO)	0.13
   CoinEx	ALEO (ALEO)	0.13
   Gate.io	ALEO (ALEO)	0.13

   See all 18 prices

2. 2. Choose a ALEO Wallet

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

   Platform	Coin	Staking returns
   Everstake	ALEO (ALEO)	Up to 9.53% % p.a.

3. 3. Delegate Your ALEO

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