How to Stake MultiversX (EGLD) in Australia

Introduction

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

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

   Platform	Coin	Cost
   PrimeXBT	MultiversX (EGLD)	6.21
   YouHodler	MultiversX (EGLD)	6.21
   Binance	MultiversX (EGLD)	6.21
   BTSE	MultiversX (EGLD)	6.22
   Coinbase	MultiversX (EGLD)	6.21
   Kraken	MultiversX (EGLD)	6.26

   See all 53 prices

2. 2. Choose a MultiversX Wallet

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

   Platform	Coin	Staking returns
   Atomic Wallet	MultiversX (EGLD)	Up to 9.4% % p.a.
   Binance	MultiversX (EGLD)	Up to 3.1% % p.a.
   Bitget	MultiversX (EGLD)	Up to 8.5% % p.a.

   View all 13 staking rewards

3. 3. Delegate Your EGLD

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