How to Stake Razor Network (RAZOR) in Australia

Introduction

Staking Razor Network can be a great option for those who want to hold RAZOR 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 Razor Network (RAZOR) Tokens

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

   Platform	Coin	Cost
   Gate.io	Razor Network (RAZOR)	0.000821
   MEXC Global	Razor Network (RAZOR)	0.0007749

   See all 4 prices

2. 2. Choose a Razor Network Wallet

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

   Platform	Coin	Staking returns
   Stakin	Razor Network (RAZOR)	Up to 10.79% % p.a.

3. 3. Delegate Your RAZOR

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