How to Stake Jupiter (JUP) in Australia

Introduction

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

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

   Platform	Coin	Cost
   PrimeXBT	Jupiter (JUP)	0.21
   Coinbase	Jupiter (JUP)	0.21
   Kraken	Jupiter (JUP)	0.21
   Uphold	Jupiter (JUP)	0.55
   Azbit	Jupiter (JUP)	0.21

   See all 29 prices

2. 2. Choose a Jupiter Wallet

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

   Platform	Coin	Staking returns
   YouHodler	Jupiter (JUP)	Up to 15% % p.a.

3. 3. Delegate Your JUP

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