How to Stake Cosmos Hub (ATOM): A Step-by-Step Guide for Ugandans

Introduction

Staking Cosmos Hub can be an excellent choice for those looking to hold ATOM while earning APY in a secure manner and supporting the network. The process might seem a bit overwhelming, particularly if you're doing it for the first time. That's why we've created this guide specifically for you.

Step-by-Step Guide for Ugandan Investors

1. Acquire Cosmos Hub (ATOM) Tokens

To stake Cosmos Hub, you first need to acquire it. To obtain Cosmos Hub, you will have to buy it. You can select from these well-known exchanges available in Uganda.

E-platform	Coin	Cost
Nexo	Cosmos Hub (ATOM)	2.1 APY
PrimeXBT	Cosmos Hub (ATOM)	2.09 APY
YouHodler	Cosmos Hub (ATOM)	2.09 APY
Binance	Cosmos Hub (ATOM)	2.1 APY
BTSE	Cosmos Hub (ATOM)	2.09 APY
Coinbase	Cosmos Hub (ATOM)	2.09 APY

See all 69 prices in Uganda

2. Select a Cosmos Hub Wallet

Once you have ATOM, you'll need to select a Cosmos Hub wallet to securely store your tokens. Here are some reliable options to consider.

E-platform	Coin	Staking rewards in Uganda
YouHodler	Cosmos Hub (ATOM)	Up to 12% APY
Uphold	Cosmos Hub (ATOM)	Up to 15% APY
Bake	Cosmos Hub (ATOM)	Up to 12% APY
Binance	Cosmos Hub (ATOM)	Up to 12.5% APY
Bitget	Cosmos Hub (ATOM)	Up to 17% APY

View all 33 staking rewards available.

3. Delegate Your ATOM
We recommend using a staking pool when staking ATOM. It's simpler and quicker to get started. A staking pool is a collective of validators who combine their ATOM, which increases their chances of validating transactions and earning rewards. You can manage this through your wallet's interface.
4. Start Validating
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 Cosmos Hub network. You'll be rewarded with ATOM for these validations.

What to Keep in Mind

There are transaction and staking pool fees you need to keep in mind. Additionally, there may be a waiting period before you begin earning rewards. The staking pool will need to generate blocks, which can take a bit of time.