How to Stake XAI (x) in Australia

Introduction

Staking XAI can be a great option for those who want to hold x 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 XAI (x) Tokens

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

   Platform	Coin	Cost
   BingX	XAI (x)	0.05
   Bitget	XAI (x)	0.05
   Bitmart	XAI (x)	0.05
   Bitpanda	XAI (x)	0.35

   See all 7 prices

2. 2. Choose a XAI Wallet

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

   Platform	Coin	Staking returns
   Bitmart	XAI (x)	Up to 1% % p.a.

3. 3. Delegate Your x

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