How to Stake Agoric (BLD) in the UAE

Introduction

Staking Agoric can be an excellent choice for individuals in the UAE looking to hold BLD while earning APY in a secure manner and supporting the network. The process may seem a bit overwhelming, particularly for first-time users. That’s why we’ve created this guide to assist you.

Step-by-Step Guide for UAE Residents

1. 1. Acquire Agoric (BLD) Tokens

   To stake Agoric, you first need to acquire it. To obtain Agoric, you will need to purchase it from one of the popular exchanges available in the UAE.

   Platform	Cryptocurrency	Price
   Bitmart	Agoric (BLD)	0.01
   CoinEx	Agoric (BLD)	0.01
   CoinList	Agoric (BLD)	0.02
   Gate.io	Agoric (BLD)	0.01
   HTX	Agoric (BLD)	0.01

   View all 9 prices

2. 2. Select a Agoric Wallet

   Once you have BLD, you'll need to select a Agoric wallet to securely store your tokens. Here are some excellent options available in the UAE market.

   Platform	Cryptocurrency	Staking rewards in the UAE
   Chainode Tech	Agoric (BLD)	Up to 13% APY
   Stakely.io	Agoric (BLD)	Up to 10.23% APY
   Stakin	Agoric (BLD)	Up to 13.22% APY

   Explore all 6 staking rewards available in the UAE market.

3. 3. Delegate Your BLD in the UAE

   We recommend utilizing a staking pool when staking BLD. It’s more straightforward and quicker to get started. A staking pool consists of a group of validators who pool their BLD, increasing their chances of validating transactions and earning rewards. You can manage this through your wallet's interface.

4. 4. Begin Verification

   You will need to wait for your deposit to be confirmed by your digital wallet. Once it's confirmed, you will automatically validate transactions on the Agoric network. For these validations, you will be rewarded with BLD.

What to Consider in the UAE Market

In the UAE, it's important to factor in transaction and staking pool fees when engaging in cryptocurrency activities. Additionally, you may experience a waiting period before you begin to earn rewards. The staking pool must generate blocks, which can take some time to accomplish.