How to Stake REI Network (REI) in Australia

Introduction

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

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

   Platform	Coin	Cost
   Binance	REI Network (REI)	0
   Bitpanda	REI Network (REI)	0.07
   CoinEx	REI Network (REI)	0.01
   Gate.io	REI Network (REI)	0
   Hotcoin	REI Network (REI)	0.02
   HTX	REI Network (REI)	0

   See all 13 prices

2. 2. Choose a REI Network Wallet

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

   Platform	Coin	Staking returns
   Binance	REI Network (REI)	Up to 3.19% % p.a.

3. 3. Delegate Your REI

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