How to Stake Polkadex (PDEX) in Australia

Introduction

Staking Polkadex can be a great option for those who want to hold PDEX 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 Polkadex (PDEX) Tokens

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

   Platform	Coin	Cost
   Gate.io	Polkadex (PDEX)	0.06
   LBank	Polkadex (PDEX)	0.01

   See all 4 prices

2. 2. Choose a Polkadex Wallet

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

   Platform	Coin	Staking returns
   RockX	Polkadex (PDEX)	Up to 24.54% % p.a.

3. 3. Delegate Your PDEX

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