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How to Stake Cardano in Australia

How to Stake Cardano in Australia

Dylan Matthews
Fact Checked
August 27, 2022

If you are looking for the best place to stake Cardano in Australia, you have found the right guide.

Get started in minutes to earn up to 6% APY on staked ADA on CoinSpot.

Table of Contents

Platform Highlights

How to Stake Cardano on CoinSpot

The CoinSpot exchange currently offers the best yields to stake Cardano compared to other staking platforms in Australia. You can get started by following the guide below.

Step One: Sign up to the CoinSpot Exchange and deposit Australian Dollars to buy Cardano (ADA).

Buying $100 AUD of ADA on CoinSpot
Buying $100 AUD of ADA on CoinSpot

Step Two: Visit your Cardano Wallet on the CoinSpot Dashboard and then select the 'Staking' button. On this page, input the amount of ADA you want to stake.

Staking 74.45 ADA on CoinSpot
Staking 74.45 ADA on CoinSpot

Step Three: Agree to the Terms and Conditions to stake Cardano in Australia to finalise your transaction.

Review and agree to the Staking terms and conditions

Step Four: Done! You are now earning up to 6% APY (Variable) on Cardano ADA in Australia.

Successfully staked Cardano (ADA)


Is Staking Cardano on CoinSpot Safe?

Yes - CoinSpot is the largest and safest cryptocurrency exchange in Australia boasting over 2 million users. Their platform is the gold-standard when it comes to funds security and are a far safer option than using global exchanges like Binance or Bybit to stake ADA.

For a more detailed overview on their staking platform, read our CoinSpot Staking Guide.


Cardano Staking Fees

When you compare CoinSpot to SwyftX with respect to the total rewards paid out, it appears that CoinSpot has the lowest staking fees in Australia. They pay out an average of 5.7% APY whereas SwyftX pays out 5% APY. This means that CoinSpot takes minimal, albeit undisclosed, fees from users staking ADA on the platform.

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Dylan Matthews

I am the Founder & CEO of Buy Bitcoin Bank and was previously an engineer for a Prop trading firm in Crypto.

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