How to Stake Decimal (DEL) in Australia

Introduction

Staking Decimal can be a great option for those who want to hold DEL 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 Decimal (DEL) Tokens

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

   Platform	Coin	Cost
   MEXC Global	Decimal (DEL)	0.000749

2. 2. Choose a Decimal Wallet

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

   Platform	Coin	Staking returns
   MyCointainer	Decimal (DEL)	Up to 41.18% % p.a.

3. 3. Delegate Your DEL

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