How to Stake Flare (FLR) in Australia

Introduction

Staking Flare can be a great option for those who want to hold FLR 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 Flare (FLR) Tokens

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

   Platform	Coin	Cost
   YouHodler	Flare (FLR)	0.01
   Coinbase	Flare (FLR)	0.01
   Kraken	Flare (FLR)	0.01
   OKX	Flare (FLR)	0.02
   Uphold	Flare (FLR)	0.02
   BingX	Flare (FLR)	0.01

   See all 42 prices

2. 2. Choose a Flare Wallet

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

   Platform	Coin	Staking returns
   Uphold	Flare (FLR)	Up to 5.07% % p.a.
   CEX.io	Flare (FLR)	Up to 5% % p.a.

   View all 4 staking rewards

3. 3. Delegate Your FLR

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