How to Stake Avalanche (AVAX) in Australia

Introduction

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

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

   Platform	Coin	Cost
   Nexo	Avalanche (AVAX)	13.76
   PrimeXBT	Avalanche (AVAX)	13.73
   EarnPark	Avalanche (AVAX)	13.65
   YouHodler	Avalanche (AVAX)	13.74
   Binance	Avalanche (AVAX)	13.74
   BTSE	Avalanche (AVAX)	13.74

   See all 81 prices

2. 2. Choose a Avalanche Wallet

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

   Platform	Coin	Staking returns
   YouHodler	Avalanche (AVAX)	Up to 13% p.a.
   Uphold	Avalanche (AVAX)	Up to 3% p.a.
   Ankr	Avalanche (AVAX)	Up to 5.09% p.a.
   Binance	Avalanche (AVAX)	Up to 5% p.a.

   View all 30 staking rewards

3. 3. Delegate Your AVAX

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