Introduction
Staking Internet Computer can be an excellent choice for individuals in the UAE looking to hold ICP 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. Acquire Internet Computer (ICP) Tokens
To stake Internet Computer, you first need to acquire it. To obtain Internet Computer, you will need to purchase it from one of the popular exchanges available in the UAE.
View all 54 pricesPlatform Cryptocurrency Price PrimeXBT Internet Computer (ICP) 3.16 YouHodler Internet Computer (ICP) 3.16 Binance Internet Computer (ICP) 3.17 Coinbase Internet Computer (ICP) 3.16 Kraken Internet Computer (ICP) 3.16 OKX Internet Computer (ICP) 5.15 2. Select a Internet Computer Wallet
Once you have ICP, you'll need to select a Internet Computer wallet to securely store your tokens. Here are some excellent options available in the UAE market.
Explore all 4 staking rewards available in the UAE market.Platform Cryptocurrency Staking rewards in the UAE Binance Internet Computer (ICP) Up to 3.92% APY Bitmart Internet Computer (ICP) Up to 1% APY 3. Delegate Your ICP in the UAE
We recommend utilizing a staking pool when staking ICP. It’s more straightforward and quicker to get started. A staking pool consists of a group of validators who pool their ICP, increasing their chances of validating transactions and earning rewards. You can manage this through your wallet's interface.
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 Internet Computer network. For these validations, you will be rewarded with ICP.
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.
Recent Developments
Internet Computer (ICP) is currently priced at $1 with a 24-hour trading volume of $219.57M. The market cap of Internet Computer stands at $4.94B, with 479.09M ICP in circulation. For those looking to buy or trade Internet Computer, Binance offers avenues to do so securely and efficiently}
- Market capitalization
- $4.94B
- 24-hour trading volume
- $219.57M
- Circulating supply
- 479.09M ICP

