How to Stake Harmony (ONE): A Comprehensive Guide for Australians

Introduction

Staking Harmony can be a great option for those who want to hold ONE 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. Obtain Harmony (ONE) Tokens
To stake Harmony, you need to own it. To obtain Harmony, you'll need to buy it. You can choose from these popular exchanges.
Platform Coin Cost
Binance Harmony (ONE) 0
BTSE Harmony (ONE) 0
OKX Harmony (ONE) 0.01
Uphold Harmony (ONE) 0.01
Bitmart Harmony (ONE) 0.01
See all 22 prices
2. Choose a Harmony Wallet
Once you have ONE, you'll need to choose a Harmony wallet to store your tokens. Here are some great options.
Platform Coin Staking returns
Binance Harmony (ONE) Up to 6% % p.a.
Bitpanda Harmony (ONE) Up to 7% % p.a.
Chainode Tech Harmony (ONE) Up to 11% % p.a.
View all 6 staking rewards
3. Delegate Your ONE
We recommend using a staking pool when staking ONE. It's simpler and quicker to get started. A staking pool is a group of validators who combine their ONE, increasing their chances of validating transactions and earning rewards. You can do this through your wallet's interface.
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 Harmony network. You'll be rewarded with ONE for these validations.

Platform	Coin	Cost
Binance	Harmony (ONE)	0
BTSE	Harmony (ONE)	0
OKX	Harmony (ONE)	0.01
Uphold	Harmony (ONE)	0.01
Bitmart	Harmony (ONE)	0.01

Platform	Coin	Staking returns
Binance	Harmony (ONE)	Up to 6% % p.a.
Bitpanda	Harmony (ONE)	Up to 7% % p.a.
Chainode Tech	Harmony (ONE)	Up to 11% % p.a.

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.