How to Stake Stox (STX) in Australia

Introduction

Staking Stox can be a great option for those who want to hold STX 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 Stox (STX) Tokens

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

   Platform	Coin	Cost
   YouHodler	Stox (STX)	0.26
   Binance	Stox (STX)	0.26
   Coinbase	Stox (STX)	0.26
   Kraken	Stox (STX)	0.26
   OKX	Stox (STX)	0.65
   Bake	Stox (STX)	0.26

   See all 32 prices

2. 2. Choose a Stox Wallet

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

   Platform	Coin	Staking returns
   Binance	Stox (STX)	Up to 5% % p.a.
   Kucoin	Stox (STX)	Up to 4% % p.a.

   View all 4 staking rewards

3. 3. Delegate Your STX

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