How to Stake Secret (SCRT): A Comprehensive Guide for Australians

Introduction

Staking Secret can be a great option for those who want to hold SCRT 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 Secret (SCRT) Tokens
To stake Secret, you need to own it. To obtain Secret, you'll need to buy it. You can choose from these popular exchanges.
Platform Coin Cost
Binance Secret (SCRT) 0.11
Kraken Secret (SCRT) 0.11
BingX Secret (SCRT) 0.43
Bitmart Secret (SCRT) 0.18
Bitpanda Secret (SCRT) 0.68
Bybit Secret (SCRT) 0.11
See all 24 prices
2. Choose a Secret Wallet
Once you have SCRT, you'll need to choose a Secret wallet to store your tokens. Here are some great options.
Platform Coin Staking returns
Bitpanda Secret (SCRT) Up to 10% % p.a.
MyCointainer Secret (SCRT) Up to 23.1% % p.a.
Stakely.io Secret (SCRT) Up to 20.21% % p.a.
View all 9 staking rewards
3. Delegate Your SCRT
We recommend using a staking pool when staking SCRT. It's simpler and quicker to get started. A staking pool is a group of validators who combine their SCRT, 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 Secret network. You'll be rewarded with SCRT for these validations.

Platform	Coin	Cost
Binance	Secret (SCRT)	0.11
Kraken	Secret (SCRT)	0.11
BingX	Secret (SCRT)	0.43
Bitmart	Secret (SCRT)	0.18
Bitpanda	Secret (SCRT)	0.68
Bybit	Secret (SCRT)	0.11

Platform	Coin	Staking returns
Bitpanda	Secret (SCRT)	Up to 10% % p.a.
MyCointainer	Secret (SCRT)	Up to 23.1% % p.a.
Stakely.io	Secret (SCRT)	Up to 20.21% % p.a.

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.