How to Stake Internet Computer (ICP): A Comprehensive Guide for Australians

Introduction

Staking Internet Computer can be a great option for those who want to hold ICP 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 Internet Computer (ICP) Tokens

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

Platform	Coin	Cost
PrimeXBT	Internet Computer (ICP)	3.07
YouHodler	Internet Computer (ICP)	3.07
Binance	Internet Computer (ICP)	3.07
Coinbase	Internet Computer (ICP)	3.07
Kraken	Internet Computer (ICP)	3.07
OKX	Internet Computer (ICP)	5.15

See all 54 prices

2. Choose a Internet Computer Wallet
Once you have ICP, you'll need to choose a Internet Computer wallet to store your tokens. Here are some great options.
Platform Coin Staking returns
Binance Internet Computer (ICP) Up to 3.92% % p.a.
Bitmart Internet Computer (ICP) Up to 1% % p.a.
View all 4 staking rewards
3. Delegate Your ICP
We recommend using a staking pool when staking ICP. It's simpler and quicker to get started. A staking pool is a group of validators who combine their ICP, 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 Internet Computer network. You'll be rewarded with ICP for these validations.

Platform	Coin	Staking returns
Binance	Internet Computer (ICP)	Up to 3.92% % p.a.
Bitmart	Internet Computer (ICP)	Up to 1% % 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.