How to Stake Dock (DOCK) in Australia

Introduction

Staking Dock can be a great option for those who want to hold DOCK 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 Dock (DOCK) Tokens

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

   Platform	Coin	Cost
   Binance	Dock (DOCK)	0
   BingX	Dock (DOCK)	0
   Bitpanda	Dock (DOCK)	0
   CoinEx	Dock (DOCK)	0
   Gate.io	Dock (DOCK)	0
   Kucoin	Dock (DOCK)	0

   See all 7 prices

2. 2. Choose a Dock Wallet

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

   Platform	Coin	Staking returns
   MyCointainer	Dock (DOCK)	Up to 9.3% % p.a.

3. 3. Delegate Your DOCK

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