How to Stake Zilliqa (ZIL) in Australia

Introduction

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

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

   Platform	Coin	Cost
   EarnPark	Zilliqa (ZIL)	0.01
   YouHodler	Zilliqa (ZIL)	0.01
   Uphold	Zilliqa (ZIL)	0.01
   OKX	Zilliqa (ZIL)	0.01
   Binance	Zilliqa (ZIL)	0.01
   Bake	Zilliqa (ZIL)	0.01

   See all 45 prices

2. 2. Choose a Zilliqa Wallet

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

   Platform	Coin	Staking returns
   Uphold	Zilliqa (ZIL)	Up to 5% % p.a.
   Atomic Wallet	Zilliqa (ZIL)	Up to 15% % p.a.
   Binance	Zilliqa (ZIL)	Up to 2.7% % p.a.

   View all 20 staking rewards

3. 3. Delegate Your ZIL

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