How to Stake Waves (WAVES) in Australia

Introduction

Staking Waves can be a great option for those who want to hold WAVES 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 Waves (WAVES) Tokens

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

   Platform	Coin	Cost
   Binance	Waves (WAVES)	1.08
   Azbit	Waves (WAVES)	0.69
   BingX	Waves (WAVES)	0.69
   Bitfinex	Waves (WAVES)	2.33
   Bitget	Waves (WAVES)	0.69
   Bitmart	Waves (WAVES)	0.69

   See all 28 prices

2. 2. Choose a Waves Wallet

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

3. 3. Delegate Your WAVES

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