How to Stake Saga (SAGA) in Australia

Introduction

Staking Saga can be a great option for those who want to hold SAGA 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 Saga (SAGA) Tokens

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

   Platform	Coin	Cost
   PrimeXBT	Saga (SAGA)	0.18
   Binance	Saga (SAGA)	0.18
   Kraken	Saga (SAGA)	0.18
   Bitget	Saga (SAGA)	0.18
   Bitmart	Saga (SAGA)	0.18
   Bitpanda	Saga (SAGA)	2.24

   See all 21 prices

2. 2. Choose a Saga Wallet

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

   Platform	Coin	Staking returns
   Bitget	Saga (SAGA)	Up to 16% % p.a.
   Bitpanda	Saga (SAGA)	Up to 9% % p.a.
   Stakin	Saga (SAGA)	Up to 3% % p.a.

   View all 5 staking rewards

3. 3. Delegate Your SAGA

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