How to Stake ZKsync (ZK) in Australia

Introduction

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

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

   Platform	Coin	Cost
   Kraken	ZKsync (ZK)	0.06
   OKX	ZKsync (ZK)	0.06
   BTSE	ZKsync (ZK)	0.06
   Coinbase	ZKsync (ZK)	0.06
   Bake	ZKsync (ZK)	0.06
   BingX	ZKsync (ZK)	0.06

   See all 41 prices

2. 2. Choose a ZKsync Wallet

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

   Platform	Coin	Staking returns
   Bitmart	ZKsync (ZK)	Up to 1% % p.a.

3. 3. Delegate Your ZK

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