How to Stake Okcash (OK) in Australia

Introduction

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

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

2. 2. Choose a Okcash Wallet

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

   Platform	Coin	Staking returns
   MyCointainer	Okcash (OK)	Up to 2.8% % p.a.

3. 3. Delegate Your OK

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