How to Stake BNB (BNB): A Comprehensive Guide for Australians

Introduction

Staking BNB can be a great option for those who want to hold BNB 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. Obtain BNB (BNB) Tokens
To stake BNB, you need to own it. To obtain BNB, you'll need to buy it. You can choose from these popular exchanges.
Platform Coin Cost
Nexo BNB (BNB) 892.51
PrimeXBT BNB (BNB) 891.04
EarnPark BNB (BNB) 888.47
YouHodler BNB (BNB) 889.26
Binance BNB (BNB) 889.95
BTSE BNB (BNB) 889.83
See all 61 prices
2. Choose a BNB Wallet
Once you have BNB, you'll need to choose a BNB wallet to store your tokens. Here are some great options.
Platform Coin Staking returns
YouHodler BNB (BNB) Up to 7% % p.a.
Ankr BNB (BNB) Up to 0.67% % p.a.
Atomic Wallet BNB (BNB) Up to 5% % p.a.
Binance BNB (BNB) Up to 0.32% % p.a.
View all 19 staking rewards
3. Delegate Your BNB
We recommend using a staking pool when staking BNB. It's simpler and quicker to get started. A staking pool is a group of validators who combine their BNB, increasing their chances of validating transactions and earning rewards. You can do this through your wallet's interface.
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 BNB network. You'll be rewarded with BNB for these validations.

Platform	Coin	Cost
Nexo	BNB (BNB)	892.51
PrimeXBT	BNB (BNB)	891.04
EarnPark	BNB (BNB)	888.47
YouHodler	BNB (BNB)	889.26
Binance	BNB (BNB)	889.95
BTSE	BNB (BNB)	889.83

Platform	Coin	Staking returns
YouHodler	BNB (BNB)	Up to 7% % p.a.
Ankr	BNB (BNB)	Up to 0.67% % p.a.
Atomic Wallet	BNB (BNB)	Up to 5% % p.a.
Binance	BNB (BNB)	Up to 0.32% % p.a.

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.