Earn up to
10% APY in the UAE.
An in-depth guide on how to stake Akash Network (AKT) in the UAE
We have extensive information on staking Akash Network (AKT), and we are pleased to share some of these insights with you.
We present you with various staking options featuring different cryptocurrencies that may pique your interest.
Akash Network (AKT) is currently priced at $9.3 with a 24-hour trading volume of $9.61M. The market cap of Akash Network stands at $762.29M, with 247.44M AKT in circulation. For those looking to buy or trade Akash Network, Bitpanda offers avenues to do so securely and efficiently
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.
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) | 0.48 |
| Uphold | Akash Network (AKT) | 1.38 |
| Bake | Akash Network (AKT) | 0.5 |
| BingX | Akash Network (AKT) | 0.49 |
| Bitmart | Akash Network (AKT) | 0.49 |
| Bitpanda | Akash Network (AKT) | 4.24 |
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 |
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.
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.
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.
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