How to Stake Stafi (FIS) in Australia

Introduction

Staking Stafi can be a great option for those who want to hold FIS 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 Stafi (FIS) Tokens

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

   Platform	Coin	Cost
   Binance	Stafi (FIS)	0.02
   Coinbase	Stafi (FIS)	0.02
   Kraken	Stafi (FIS)	0.02
   Uphold	Stafi (FIS)	0.16
   BingX	Stafi (FIS)	0.12
   Bitget	Stafi (FIS)	0.02

   See all 34 prices

2. 2. Choose a Stafi Wallet

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

3. 3. Delegate Your FIS

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