How to Stake STACKS (stacks) in Australia

Introduction

Staking STACKS can be a great option for those who want to hold stacks 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 STACKS (stacks) Tokens

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

   Platform	Coin	Cost
   Uphold	STACKS (stacks)	0.79
   BingX	STACKS (stacks)	0.66
   Bitget	STACKS (stacks)	0.66
   Bitmart	STACKS (stacks)	0.69
   Bitpanda	STACKS (stacks)	2.3
   Blockchain.com	STACKS (stacks)	0.32

   See all 21 prices

2. 2. Choose a STACKS Wallet

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

   Platform	Coin	Staking returns
   Bitmart	STACKS (stacks)	Up to 1% % p.a.

3. 3. Delegate Your stacks

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