How to Stake Notcoin (NOT) in Australia

Introduction

Staking Notcoin can be a great option for those who want to hold NOT 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 Notcoin (NOT) Tokens

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

   Platform	Coin	Cost
   PrimeXBT	Notcoin (NOT)	0.000533
   YouHodler	Notcoin (NOT)	0.000533
   Binance	Notcoin (NOT)	0.000533
   Kraken	Notcoin (NOT)	0.000533
   OKX	Notcoin (NOT)	0
   Uphold	Notcoin (NOT)	0

   See all 44 prices

2. 2. Choose a Notcoin Wallet

   Once you have NOT, you'll need to choose a Notcoin wallet to store your tokens. Here are some great options.

   Platform	Coin	Staking returns
   Binance	Notcoin (NOT)	Up to 7.9% % p.a.

3. 3. Delegate Your NOT

   We recommend using a staking pool when staking NOT. It's simpler and quicker to get started. A staking pool is a group of validators who combine their NOT, 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 Notcoin network. You'll be rewarded with NOT 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.