How to Stake ApeCoin (APE) in Australia

Introduction

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

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

   Platform	Coin	Cost
   Nexo	ApeCoin (APE)	0.6
   PrimeXBT	ApeCoin (APE)	0.6
   Uphold	ApeCoin (APE)	0.7
   Bake	ApeCoin (APE)	0.6
   BingX	ApeCoin (APE)	0.6
   Bitfinex	ApeCoin (APE)	0.6

   See all 36 prices

2. 2. Choose a ApeCoin Wallet

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

   Platform	Coin	Staking returns
   Bitpanda	ApeCoin (APE)	Up to 15% % p.a.

3. 3. Delegate Your APE

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