How to Stake Dogecoin (DOGE) in Australia

Introduction

Staking Dogecoin can be a great option for those who want to hold DOGE 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 Dogecoin (DOGE) Tokens

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

   Platform	Coin	Cost
   Nexo	Dogecoin (DOGE)	0.14
   PrimeXBT	Dogecoin (DOGE)	0.14
   EarnPark	Dogecoin (DOGE)	0.14
   YouHodler	Dogecoin (DOGE)	0.14
   Binance	Dogecoin (DOGE)	0.14
   BTSE	Dogecoin (DOGE)	0.14

   See all 67 prices

2. 2. Choose a Dogecoin Wallet

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

   Platform	Coin	Staking returns
   YouHodler	Dogecoin (DOGE)	Up to 7% % p.a.

   View all 5 staking rewards

3. 3. Delegate Your DOGE

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