How to Stake Nova Merged wBTC (zkLink) (WBTC) in Australia

Introduction

Staking Nova Merged wBTC (zkLink) can be a great option for those who want to hold WBTC 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 Nova Merged wBTC (zkLink) (WBTC) Tokens

   To stake Nova Merged wBTC (zkLink), you need to own it. To obtain Nova Merged wBTC (zkLink), you'll need to buy it. You can choose from these popular exchanges.

   Platform	Coin	Cost
   Uphold	Nova Merged wBTC (zkLink) (WBTC)	105,586.08
   Blockchain.com	Nova Merged wBTC (zkLink) (WBTC)	19,154.51
   Currency.com	Nova Merged wBTC (zkLink) (WBTC)	85,217.85
   FMFW.io	Nova Merged wBTC (zkLink) (WBTC)	105,392
   Phemex	Nova Merged wBTC (zkLink) (WBTC)	115,917.93
   Probit	Nova Merged wBTC (zkLink) (WBTC)	115,680

   See all 12 prices

2. 2. Choose a Nova Merged wBTC (zkLink) Wallet

   Once you have WBTC, you'll need to choose a Nova Merged wBTC (zkLink) wallet to store your tokens. Here are some great options.

   Platform	Coin	Staking returns
   FMFW.io	Nova Merged wBTC (zkLink) (WBTC)	Up to 1% % p.a.

3. 3. Delegate Your WBTC

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