How to Stake Velocimeter FLOW (FLOW): A Comprehensive Guide for Australians

Introduction

Staking Velocimeter FLOW can be a great option for those who want to hold FLOW 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. Obtain Velocimeter FLOW (FLOW) Tokens

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

Platform	Coin	Cost
Coinbase	Velocimeter FLOW (FLOW)	0.1
Kraken	Velocimeter FLOW (FLOW)	0.1
Azbit	Velocimeter FLOW (FLOW)	0.16
Bybit	Velocimeter FLOW (FLOW)	0.1
CoinEx	Velocimeter FLOW (FLOW)	0.09
CoinW	Velocimeter FLOW (FLOW)	0.1

See all 20 prices

2. Choose a Velocimeter FLOW Wallet
Once you have FLOW, you'll need to choose a Velocimeter FLOW wallet to store your tokens. Here are some great options.
Platform Coin Staking returns
Kucoin Velocimeter FLOW (FLOW) Up to 6% % p.a.
3. Delegate Your FLOW
We recommend using a staking pool when staking FLOW. It's simpler and quicker to get started. A staking pool is a group of validators who combine their FLOW, increasing their chances of validating transactions and earning rewards. You can do this through your wallet's interface.
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 Velocimeter FLOW network. You'll be rewarded with FLOW for these validations.

Platform	Coin	Staking returns
Kucoin	Velocimeter FLOW (FLOW)	Up to 6% % p.a.

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.