How to Stake KYVE Network (KYVE) in Australia

Introduction

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

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

   Platform	Coin	Cost
   BTSE	KYVE Network (KYVE)	0.03
   Crypto.com	KYVE Network (KYVE)	0
   Gate.io	KYVE Network (KYVE)	0

   See all 5 prices

2. 2. Choose a KYVE Network Wallet

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

   Platform	Coin	Staking returns
   Stakin	KYVE Network (KYVE)	Up to 20.38% % p.a.

3. 3. Delegate Your KYVE

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