How to Stake FLOKI (FLOKI) in Australia

Introduction

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

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

   Platform	Coin	Cost
   YouHodler	FLOKI (FLOKI)	0.00005095
   Binance	FLOKI (FLOKI)	0.00005101
   BTSE	FLOKI (FLOKI)	0.00005104
   Coinbase	FLOKI (FLOKI)	0.000051
   Kraken	FLOKI (FLOKI)	0.00005106
   OKX	FLOKI (FLOKI)	0.00006549

   See all 49 prices

2. 2. Choose a FLOKI Wallet

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

   Platform	Coin	Staking returns
   YouHodler	FLOKI (FLOKI)	Up to 15% % p.a.
   Binance	FLOKI (FLOKI)	Up to 5.44% % p.a.
   Bitmart	FLOKI (FLOKI)	Up to 1% % p.a.

   View all 6 staking rewards

3. 3. Delegate Your FLOKI

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