How to Stake Validity (VAL) in Australia

Introduction

Staking Validity can be a great option for those who want to hold VAL 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 Validity (VAL) Tokens

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

   Platform	Coin	Cost
   Bitmart	Validity (VAL)	0.49

2. 2. Choose a Validity Wallet

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

   Platform	Coin	Staking returns
   MyCointainer	Validity (VAL)	Up to 23.6% p.a.

3. 3. Delegate Your VAL

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