How to Stake Horizen (ZEN) in Australia

Introduction

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

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

   Platform	Coin	Cost
   PrimeXBT	Horizen (ZEN)	7.86
   Binance	Horizen (ZEN)	7.86
   Coinbase	Horizen (ZEN)	7.87
   OKX	Horizen (ZEN)	7.93
   BingX	Horizen (ZEN)	11.52
   Bitget	Horizen (ZEN)	7.88

   See all 28 prices

2. 2. Choose a Horizen Wallet

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

   Platform	Coin	Staking returns
   MyCointainer	Horizen (ZEN)	Up to 5.78% % p.a.

3. 3. Delegate Your ZEN

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