How to Stake Reef (REEF): A Comprehensive Guide for Australians

Introduction

Staking Reef can be a great option for those who want to hold REEF 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. Obtain Reef (REEF) Tokens
To stake Reef, you need to own it. To obtain Reef, you'll need to buy it. You can choose from these popular exchanges.
Platform Coin Cost
Binance Reef (REEF) 0.000688
BingX Reef (REEF) 0.0004311
Bitget Reef (REEF) 0
Bitmart Reef (REEF) 0.0001476
Bitpanda Reef (REEF) 0
Bybit Reef (REEF) 0.0004742
See all 22 prices
2. Choose a Reef Wallet
Once you have REEF, you'll need to choose a Reef wallet to store your tokens. Here are some great options.
3. Delegate Your REEF
We recommend using a staking pool when staking REEF. It's simpler and quicker to get started. A staking pool is a group of validators who combine their REEF, increasing their chances of validating transactions and earning rewards. You can do this through your wallet's interface.
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 Reef network. You'll be rewarded with REEF for these validations.

Platform	Coin	Cost
Binance	Reef (REEF)	0.000688
BingX	Reef (REEF)	0.0004311
Bitget	Reef (REEF)	0
Bitmart	Reef (REEF)	0.0001476
Bitpanda	Reef (REEF)	0
Bybit	Reef (REEF)	0.0004742

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.