How to Stake VeChain (VET) in Australia

Introduction

Staking VeChain can be a great option for those who want to hold VET 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 VeChain (VET) Tokens

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

   Platform	Coin	Cost
   Nexo	VeChain (VET)	0.01
   PrimeXBT	VeChain (VET)	0.01
   YouHodler	VeChain (VET)	0.01
   Binance	VeChain (VET)	0.01
   Coinbase	VeChain (VET)	0.01
   Uphold	VeChain (VET)	0.02

   See all 46 prices

2. 2. Choose a VeChain Wallet

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

   Platform	Coin	Staking returns
   Atomic Wallet	VeChain (VET)	Up to 1.63% % p.a.
   Binance	VeChain (VET)	Up to 1% % p.a.

   View all 8 staking rewards

3. 3. Delegate Your VET

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