How to Stake Nolus (NLS) in Australia

Introduction

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

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

   Platform	Coin	Cost
   Bitmart	Nolus (NLS)	0.01
   MEXC Global	Nolus (NLS)	0

   See all 4 prices

2. 2. Choose a Nolus Wallet

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

   Platform	Coin	Staking returns
   Stakewolle	Nolus (NLS)	Up to 15% p.a.

3. 3. Delegate Your NLS

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