How to Stake Dogecoin (DOGE): A Comprehensive Guide for Australians

Introduction

Staking Dogecoin can be a great option for those who want to hold DOGE 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. Obtain Dogecoin (DOGE) Tokens
To stake Dogecoin, you need to own it. To obtain Dogecoin, you'll need to buy it. You can choose from these popular exchanges.
Platform Coin Cost
Nexo Dogecoin (DOGE) 0.12
PrimeXBT Dogecoin (DOGE) 0.12
EarnPark Dogecoin (DOGE) 0.12
YouHodler Dogecoin (DOGE) 0.12
Binance Dogecoin (DOGE) 0.12
BTSE Dogecoin (DOGE) 0.12
See all 67 prices
2. Choose a Dogecoin Wallet
Once you have DOGE, you'll need to choose a Dogecoin wallet to store your tokens. Here are some great options.
Platform Coin Staking returns
YouHodler Dogecoin (DOGE) Up to 7% % p.a.
View all 5 staking rewards
3. Delegate Your DOGE
We recommend using a staking pool when staking DOGE. It's simpler and quicker to get started. A staking pool is a group of validators who combine their DOGE, increasing their chances of validating transactions and earning rewards. You can do this through your wallet's interface.
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 Dogecoin network. You'll be rewarded with DOGE for these validations.

Platform	Coin	Cost
Nexo	Dogecoin (DOGE)	0.12
PrimeXBT	Dogecoin (DOGE)	0.12
EarnPark	Dogecoin (DOGE)	0.12
YouHodler	Dogecoin (DOGE)	0.12
Binance	Dogecoin (DOGE)	0.12
BTSE	Dogecoin (DOGE)	0.12

Platform	Coin	Staking returns
YouHodler	Dogecoin (DOGE)	Up to 7% % p.a.

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.