How to Stake Ronin (RON) in Australia

Introduction

Staking Ronin can be a great option for those who want to hold RON 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 Ronin (RON) Tokens

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

   Platform	Coin	Cost
   Binance	Ronin (RON)	0.13
   Coinbase	Ronin (RON)	0.13
   OKX	Ronin (RON)	0.79
   Uphold	Ronin (RON)	0.6
   Bake	Ronin (RON)	0.13
   BingX	Ronin (RON)	0.13

   See all 35 prices

2. 2. Choose a Ronin Wallet

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

   Platform	Coin	Staking returns
   Binance	Ronin (RON)	Up to 7.04% % p.a.
   Bitpanda	Ronin (RON)	Up to 8% % p.a.

   View all 4 staking rewards

3. 3. Delegate Your RON

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