How to Stake Oraichain (ORAI) in Australia

Introduction

Staking Oraichain can be a great option for those who want to hold ORAI 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 Oraichain (ORAI) Tokens

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

   Platform	Coin	Cost
   Uphold	Oraichain (ORAI)	2.97
   Bake	Oraichain (ORAI)	0.65
   Bitget	Oraichain (ORAI)	0.74
   Bitpanda	Oraichain (ORAI)	10.03
   CoinEx	Oraichain (ORAI)	0.65
   Crypto.com	Oraichain (ORAI)	0.65

   See all 17 prices

2. 2. Choose a Oraichain Wallet

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

   Platform	Coin	Staking returns
   Kucoin	Oraichain (ORAI)	Up to 13% p.a.
   MyCointainer	Oraichain (ORAI)	Up to 19.13% p.a.

3. 3. Delegate Your ORAI

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