How to Stake iExec RLC (RLC) in Australia

Introduction

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

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

   Platform	Coin	Cost
   Kraken	iExec RLC (RLC)	1.26
   Binance	iExec RLC (RLC)	1.25
   Coinbase	iExec RLC (RLC)	1.26
   BingX	iExec RLC (RLC)	2.07
   Bitget	iExec RLC (RLC)	1.26
   Bitmart	iExec RLC (RLC)	0.84

   See all 32 prices

2. 2. Choose a iExec RLC Wallet

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

   Platform	Coin	Staking returns
   Bitmart	iExec RLC (RLC)	Up to 1% % p.a.

3. 3. Delegate Your RLC

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