How to Stake Flow (FLOW) in Australia

Introduction

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

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

   Platform	Coin	Cost
   PrimeXBT	Flow (FLOW)	0.17
   Uphold	Flow (FLOW)	0.38
   Bake	Flow (FLOW)	0.17
   BingX	Flow (FLOW)	0.17
   Bitget	Flow (FLOW)	0.17
   Bitmart	Flow (FLOW)	0.17

   See all 14 prices

2. 2. Choose a Flow Wallet

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

   Platform	Coin	Staking returns
   Bitpanda	Flow (FLOW)	Up to 6% % p.a.
   MyCointainer	Flow (FLOW)	Up to 10.1% % p.a.

3. 3. Delegate Your FLOW

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