How to Stake NEO (NEO) in Australia

Introduction

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

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

   Platform	Coin	Cost
   PrimeXBT	NEO (NEO)	3.54
   Binance	NEO (NEO)	3.54
   OKX	NEO (NEO)	3.55
   Uphold	NEO (NEO)	7.18
   BingX	NEO (NEO)	3.53
   Bitfinex	NEO (NEO)	3.53

   See all 34 prices

2. 2. Choose a NEO Wallet

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

   Platform	Coin	Staking returns
   Binance	NEO (NEO)	Up to 3.39% % p.a.

3. 3. Delegate Your NEO

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