How to Stake Concordium (CCD) in Australia

Introduction

Staking Concordium can be a great option for those who want to hold CCD 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 Concordium (CCD) Tokens

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

   Platform	Coin	Cost
   Kraken	Concordium (CCD)	0.01
   Bitfinex	Concordium (CCD)	0
   Bitmart	Concordium (CCD)	0.01
   CoinEx	Concordium (CCD)	0.01

   See all 6 prices

2. 2. Choose a Concordium Wallet

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

   Platform	Coin	Staking returns
   Stakely.io	Concordium (CCD)	Up to 6.72% % p.a.

3. 3. Delegate Your CCD

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