How to Stake XPLA (XPLA) in Australia

Introduction

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

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

   Platform	Coin	Cost
   Bitget	XPLA (XPLA)	0.04
   CoinEx	XPLA (XPLA)	0.03
   Crypto.com	XPLA (XPLA)	0.03
   Gate.io	XPLA (XPLA)	0.03
   HTX	XPLA (XPLA)	0.04
   MEXC Global	XPLA (XPLA)	0.04

   See all 12 prices

2. 2. Choose a XPLA Wallet

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

   Platform	Coin	Staking returns
   Everstake	XPLA (XPLA)	Up to 10.79% % p.a.

3. 3. Delegate Your XPLA

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