How to Stake Venus (XVS) in Australia

Introduction

Staking Venus can be a great option for those who want to hold XVS 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 Venus (XVS) Tokens

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

   Platform	Coin	Cost
   Binance	Venus (XVS)	6.75
   Azbit	Venus (XVS)	6.72
   BingX	Venus (XVS)	6.76
   Bitpanda	Venus (XVS)	9.32
   Bybit	Venus (XVS)	6.76
   CoinEx	Venus (XVS)	6.76

   See all 28 prices

2. 2. Choose a Venus Wallet

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

   Platform	Coin	Staking returns
   Binance	Venus (XVS)	Up to 11.2% % p.a.

3. 3. Delegate Your XVS

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