How to Stake Astar (ASTR) in Australia

Introduction

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

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

   Platform	Coin	Cost
   Binance	Astar (ASTR)	0.02
   Kraken	Astar (ASTR)	0.02
   OKX	Astar (ASTR)	0.03
   Uphold	Astar (ASTR)	0.03
   BingX	Astar (ASTR)	0.02
   Bitget	Astar (ASTR)	0.02

   See all 36 prices

2. 2. Choose a Astar Wallet

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

   Platform	Coin	Staking returns
   Binance	Astar (ASTR)	Up to 7.9% % p.a.

3. 3. Delegate Your ASTR

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