How to Stake Firo (FIRO) in Australia

Introduction

Staking Firo can be a great option for those who want to hold FIRO 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 Firo (FIRO) Tokens

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

   Platform	Coin	Cost
   Binance	Firo (FIRO)	0.3
   CoinEx	Firo (FIRO)	1.35
   FMFW.io	Firo (FIRO)	1.5
   Gate.io	Firo (FIRO)	1.17
   HTX	Firo (FIRO)	0.61

   See all 9 prices

2. 2. Choose a Firo Wallet

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

   Platform	Coin	Staking returns
   MyCointainer	Firo (FIRO)	Up to 11.49% % p.a.

3. 3. Delegate Your FIRO

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