How to Stake Harmony (ONE) in the UAE

Introduction

Staking Harmony can be an excellent choice for individuals in the UAE looking to hold ONE 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 Harmony (ONE) Tokens

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

   Platform	Cryptocurrency	Price
   Binance	Harmony (ONE)	0
   BTSE	Harmony (ONE)	0
   OKX	Harmony (ONE)	0.01
   Uphold	Harmony (ONE)	0.01
   Bitmart	Harmony (ONE)	0.01

   View all 22 prices

2. 2. Select a Harmony Wallet

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

   Platform	Cryptocurrency	Staking rewards in the UAE
   Binance	Harmony (ONE)	Up to 6% APY
   Bitpanda	Harmony (ONE)	Up to 7% APY
   Chainode Tech	Harmony (ONE)	Up to 11% APY

   Explore all 6 staking rewards available in the UAE market.

3. 3. Delegate Your ONE in the UAE

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

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.