How to Stake Qtum (QTUM) in Australia

Introduction

Staking Qtum can be a great option for those who want to hold QTUM 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 Qtum (QTUM) Tokens

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

   Platform	Coin	Cost
   Binance	Qtum (QTUM)	1.3
   Kraken	Qtum (QTUM)	1.3
   OKX	Qtum (QTUM)	1.89
   Uphold	Qtum (QTUM)	2.53
   BingX	Qtum (QTUM)	1.31
   Bitfinex	Qtum (QTUM)	4.9

   See all 42 prices

2. 2. Choose a Qtum Wallet

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

3. 3. Delegate Your QTUM

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