How to Stake Ontology (ONT) in Australia

Introduction

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

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

   Platform	Coin	Cost
   Binance	Ontology (ONT)	0.13
   OKX	Ontology (ONT)	0.15
   Uphold	Ontology (ONT)	0.14
   Azbit	Ontology (ONT)	0.13
   BingX	Ontology (ONT)	0.13
   Bitget	Ontology (ONT)	0.13

   See all 30 prices

2. 2. Choose a Ontology Wallet

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

   Platform	Coin	Staking returns
   Binance	Ontology (ONT)	Up to 13.5% % p.a.
   CEX.io	Ontology (ONT)	Up to 10% % p.a.
   Exodus	Ontology (ONT)	Up to 17.08% % p.a.

   View all 10 staking rewards

3. 3. Delegate Your ONT

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