How to Stake Akash Network (AKT) in the UAE

Introduction

Staking Akash Network can be an excellent choice for individuals in the UAE looking to hold AKT 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 Akash Network (AKT) Tokens

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

   Platform	Cryptocurrency	Price
   Coinbase	Akash Network (AKT)	0.37
   Uphold	Akash Network (AKT)	1.38
   Bake	Akash Network (AKT)	0.37
   BingX	Akash Network (AKT)	0.37
   Bitmart	Akash Network (AKT)	0.37
   Bitpanda	Akash Network (AKT)	4.24

   View all 27 prices

2. 2. Select a Akash Network Wallet

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

   Platform	Cryptocurrency	Staking rewards in the UAE
   Bitpanda	Akash Network (AKT)	Up to 10% APY
   Chainode Tech	Akash Network (AKT)	Up to 9.8% APY

   Explore all 9 staking rewards available in the UAE market.

3. 3. Delegate Your AKT in the UAE

   We recommend utilizing a staking pool when staking AKT. It’s more straightforward and quicker to get started. A staking pool consists of a group of validators who pool their AKT, 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 Akash Network network. For these validations, you will be rewarded with AKT.

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.