How to Stake Ethereum (ETH): A Comprehensive Guide for Australians

Introduction

Staking Ethereum can be a great option for those who want to hold ETH 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. Obtain Ethereum (ETH) Tokens
To stake Ethereum, you need to own it. To obtain Ethereum, you'll need to buy it. You can choose from these popular exchanges.
Platform Coin Cost
Nexo Ethereum (ETH) 3,092.3
PrimeXBT Ethereum (ETH) 3,094.02
EarnPark Ethereum (ETH) 3,112.53
YouHodler Ethereum (ETH) 3,083.46
Binance Ethereum (ETH) 3,094.24
BTSE Ethereum (ETH) 3,092.78
See all 82 prices

Platform	Coin	Cost
Nexo	Ethereum (ETH)	3,092.3
PrimeXBT	Ethereum (ETH)	3,094.02
EarnPark	Ethereum (ETH)	3,112.53
YouHodler	Ethereum (ETH)	3,083.46
Binance	Ethereum (ETH)	3,094.24
BTSE	Ethereum (ETH)	3,092.78

2. Choose a Ethereum Wallet

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

Platform	Coin	Staking returns
Nexo	Ethereum (ETH)	Up to 3.5% % p.a.
YouHodler	Ethereum (ETH)	Up to 9% % p.a.
Uphold	Ethereum (ETH)	Up to 1.76% % p.a.
Ankr	Ethereum (ETH)	Up to 2.43% % p.a.
Bake	Ethereum (ETH)	Up to 2.9% % p.a.
Binance	Ethereum (ETH)	Up to 2.4% % p.a.

View all 40 staking rewards

3. Delegate Your ETH
We recommend using a staking pool when staking ETH. It's simpler and quicker to get started. A staking pool is a group of validators who combine their ETH, increasing their chances of validating transactions and earning rewards. You can do this through your wallet's interface.
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 Ethereum network. You'll be rewarded with ETH 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.

Latest Movements

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Market capitalisation: USD 391.24B
24-hour volume: USD 29.14B
Circulating supply: 120.48M ETH

See the latest information

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