How to Stake Ankr Network (ANKR) in Australia

Introduction

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

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

   Platform	Coin	Cost
   Binance	Ankr Network (ANKR)	0.02
   BTSE	Ankr Network (ANKR)	0.02
   Coinbase	Ankr Network (ANKR)	0.02
   Kraken	Ankr Network (ANKR)	0.02
   Uphold	Ankr Network (ANKR)	0.02
   Azbit	Ankr Network (ANKR)	0.02

   See all 46 prices

2. 2. Choose a Ankr Network Wallet

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

   Platform	Coin	Staking returns
   Ankr	Ankr Network (ANKR)	Up to 2.51% % p.a.
   Binance	Ankr Network (ANKR)	Up to 2.19% % p.a.

   View all 5 staking rewards

3. 3. Delegate Your ANKR

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