How to Stake Memecoin (mem): A Comprehensive Guide for Australians

Introduction

Staking Memecoin can be a great option for those who want to hold mem 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 Memecoin (mem) Tokens
To stake Memecoin, you need to own it. To obtain Memecoin, you'll need to buy it. You can choose from these popular exchanges.
Platform Coin Cost
PrimeXBT Memecoin (mem) 0
YouHodler Memecoin (mem) 0
Binance Memecoin (mem) 0
BTSE Memecoin (mem) 0
OKX Memecoin (mem) 0
Uphold Memecoin (mem) 0
See all 27 prices
2. Choose a Memecoin Wallet
Once you have mem, you'll need to choose a Memecoin wallet to store your tokens. Here are some great options.
Platform Coin Staking returns
Stakewolle Memecoin (mem) Up to 64.6% % p.a.
3. Delegate Your mem
We recommend using a staking pool when staking mem. It's simpler and quicker to get started. A staking pool is a group of validators who combine their mem, 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 Memecoin network. You'll be rewarded with mem for these validations.

Platform	Coin	Cost
PrimeXBT	Memecoin (mem)	0
YouHodler	Memecoin (mem)	0
Binance	Memecoin (mem)	0
BTSE	Memecoin (mem)	0
OKX	Memecoin (mem)	0
Uphold	Memecoin (mem)	0

Platform	Coin	Staking returns
Stakewolle	Memecoin (mem)	Up to 64.6% % 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.