How to Stake Conflux (CFX) in Australia

Introduction

Staking Conflux can be a great option for those who want to hold CFX 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 Conflux (CFX) Tokens

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

   Platform	Coin	Cost
   PrimeXBT	Conflux (CFX)	0.08
   Binance	Conflux (CFX)	0.08
   OKX	Conflux (CFX)	0.09
   BingX	Conflux (CFX)	0.08
   Bitget	Conflux (CFX)	0.08
   Bitmart	Conflux (CFX)	0.08

   See all 37 prices

2. 2. Choose a Conflux Wallet

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

   Platform	Coin	Staking returns
   Kucoin	Conflux (CFX)	Up to 8.5% p.a.

3. 3. Delegate Your CFX

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