How to Stake Hedera (HBAR): A Comprehensive Guide for Australians

Introduction

Staking Hedera can be a great option for those who want to hold HBAR 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 Hedera (HBAR) Tokens
To stake Hedera, you need to own it. To obtain Hedera, you'll need to buy it. You can choose from these popular exchanges.
Platform Coin Cost
PrimeXBT Hedera (HBAR) 0.12
Binance Hedera (HBAR) 0.12
Coinbase Hedera (HBAR) 0.12
Kraken Hedera (HBAR) 0.12
OKX Hedera (HBAR) 0.24
Uphold Hedera (HBAR) 0.17
See all 53 prices
2. Choose a Hedera Wallet
Once you have HBAR, you'll need to choose a Hedera wallet to store your tokens. Here are some great options.
Platform Coin Staking returns
Uphold Hedera (HBAR) Up to 0.05% % p.a.
Atomic Wallet Hedera (HBAR) Up to 2.5% % p.a.
View all 6 staking rewards
3. Delegate Your HBAR
We recommend using a staking pool when staking HBAR. It's simpler and quicker to get started. A staking pool is a group of validators who combine their HBAR, 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 Hedera network. You'll be rewarded with HBAR for these validations.

Platform	Coin	Cost
PrimeXBT	Hedera (HBAR)	0.12
Binance	Hedera (HBAR)	0.12
Coinbase	Hedera (HBAR)	0.12
Kraken	Hedera (HBAR)	0.12
OKX	Hedera (HBAR)	0.24
Uphold	Hedera (HBAR)	0.17

Platform	Coin	Staking returns
Uphold	Hedera (HBAR)	Up to 0.05% % p.a.
Atomic Wallet	Hedera (HBAR)	Up to 2.5% % 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.