How to Stake Starknet (STRK) in Australia

Introduction

Staking Starknet can be a great option for those who want to hold STRK 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 Starknet (STRK) Tokens

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

   Platform	Coin	Cost
   PrimeXBT	Starknet (STRK)	0.08
   YouHodler	Starknet (STRK)	0.08
   Binance	Starknet (STRK)	0.08
   BTSE	Starknet (STRK)	0.08
   Coinbase	Starknet (STRK)	0.08
   Kraken	Starknet (STRK)	0.08

   See all 60 prices

2. 2. Choose a Starknet Wallet

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

3. 3. Delegate Your STRK

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