How to Stake IOST (IOST) in Australia

Introduction

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

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

   Platform	Coin	Cost
   EarnPark	IOST (IOST)	0.01
   Binance	IOST (IOST)	0
   OKX	IOST (IOST)	0
   BingX	IOST (IOST)	0
   Bitget	IOST (IOST)	0
   Bitmart	IOST (IOST)	0

   See all 35 prices

2. 2. Choose a IOST Wallet

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

   Platform	Coin	Staking returns
   Binance	IOST (IOST)	Up to 2.3% % p.a.
   Bitget	IOST (IOST)	Up to 4% % p.a.

   View all 6 staking rewards

3. 3. Delegate Your IOST

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