How to Stake iExec RLC (RLC) in the UAE

Introduction

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

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

   Platform	Cryptocurrency	Price
   Binance	iExec RLC (RLC)	0.65
   Coinbase	iExec RLC (RLC)	0.65
   Kraken	iExec RLC (RLC)	0.65
   BingX	iExec RLC (RLC)	2.07
   Bitget	iExec RLC (RLC)	0.65
   Bitmart	iExec RLC (RLC)	0.84

   View all 32 prices

2. 2. Select a iExec RLC Wallet

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

   Platform	Cryptocurrency	Staking rewards in the UAE
   Bitmart	iExec RLC (RLC)	Up to 1% APY

3. 3. Delegate Your RLC in the UAE

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

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.