How to Stake Wanchain (WAN) in Australia

Introduction

Staking Wanchain can be a great option for those who want to hold WAN 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 Wanchain (WAN) Tokens

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

   Platform	Coin	Cost
   Binance	Wanchain (WAN)	0.07
   Bitpanda	Wanchain (WAN)	0.22
   CoinEx	Wanchain (WAN)	0.07
   HTX	Wanchain (WAN)	0.07
   Kucoin	Wanchain (WAN)	0.07

   See all 9 prices

2. 2. Choose a Wanchain Wallet

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

   Platform	Coin	Staking returns
   Kucoin	Wanchain (WAN)	Up to 2.3% p.a.
   MyCointainer	Wanchain (WAN)	Up to 7.1% p.a.

3. 3. Delegate Your WAN

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