How to Stake Picasso (PICA) in Australia

Introduction

Staking Picasso can be a great option for those who want to hold PICA 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 Picasso (PICA) Tokens

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

   Platform	Coin	Cost
   BingX	Picasso (PICA)	0.000063
   CoinEx	Picasso (PICA)	0.00001302
   Gate.io	Picasso (PICA)	0.00001404

   See all 6 prices

2. 2. Choose a Picasso Wallet

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

   Platform	Coin	Staking returns
   Stakewolle	Picasso (PICA)	Up to 12% p.a.

3. 3. Delegate Your PICA

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