How to Stake Wrapped Bitcoin (WBTC) in Australia

Introduction

Staking Wrapped Bitcoin can be a great option for those who want to hold WBTC 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 Wrapped Bitcoin (WBTC) Tokens

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

   Platform	Coin	Cost
   Binance	Wrapped Bitcoin (WBTC)	87,040.07
   Kraken	Wrapped Bitcoin (WBTC)	87,098.9
   OKX	Wrapped Bitcoin (WBTC)	114,676.9
   BingX	Wrapped Bitcoin (WBTC)	87,069.48
   Bitget	Wrapped Bitcoin (WBTC)	87,054.1
   Bitmart	Wrapped Bitcoin (WBTC)	87,025.81

   See all 20 prices

2. 2. Choose a Wrapped Bitcoin Wallet

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

   Platform	Coin	Staking returns
   Klink	Wrapped Bitcoin (WBTC)	Up to 4% % p.a.

3. 3. Delegate Your WBTC

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