How to Stake FIO Protocol (FIO) in Australia

Introduction

Staking FIO Protocol can be a great option for those who want to hold FIO 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 FIO Protocol (FIO) Tokens

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

   Platform	Coin	Cost
   Binance	FIO Protocol (FIO)	0.01
   BingX	FIO Protocol (FIO)	0.02
   Bitpanda	FIO Protocol (FIO)	0.04
   Bybit	FIO Protocol (FIO)	0.01
   CoinEx	FIO Protocol (FIO)	0.01
   Gate.io	FIO Protocol (FIO)	0.01

   See all 17 prices

2. 2. Choose a FIO Protocol Wallet

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

   Platform	Coin	Staking returns
   Binance	FIO Protocol (FIO)	Up to 1.9% % p.a.
   Moonstake	FIO Protocol (FIO)	Up to 12.79% % p.a.
   MyCointainer	FIO Protocol (FIO)	Up to 11.7% % p.a.

   View all 5 staking rewards

3. 3. Delegate Your FIO

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