How to Stake AltLayer (ALT) in Australia

Introduction

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

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

   Platform	Coin	Cost
   PrimeXBT	AltLayer (ALT)	0.01
   Binance	AltLayer (ALT)	0.01
   Coinbase	AltLayer (ALT)	0.01
   Bybit	AltLayer (ALT)	0.01
   Crypto.com	AltLayer (ALT)	0.01
   FMFW.io	AltLayer (ALT)	0.02

   See all 22 prices

2. 2. Choose a AltLayer Wallet

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

   Platform	Coin	Staking returns
   Binance	AltLayer (ALT)	Up to 8.9% % p.a.

3. 3. Delegate Your ALT

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