How to Stake Pandora (PANDORA) in Australia

Introduction

Staking Pandora can be a great option for those who want to hold PANDORA 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 Pandora (PANDORA) Tokens

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

   Platform	Coin	Cost
   BingX	Pandora (PANDORA)	598.25
   Bitmart	Pandora (PANDORA)	905.74
   CoinEx	Pandora (PANDORA)	1,102.28
   Gate.io	Pandora (PANDORA)	779.8
   Hotcoin	Pandora (PANDORA)	1,818.7
   HTX	Pandora (PANDORA)	869

   See all 13 prices

2. 2. Choose a Pandora Wallet

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

   Platform	Coin	Staking returns
   Bitmart	Pandora (PANDORA)	Up to 1% % p.a.

3. 3. Delegate Your PANDORA

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