How to Stake IRISnet (IRIS) in the UAE

Introduction

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

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

   Platform	Cryptocurrency	Price
   Binance	IRISnet (IRIS)	0.01
   Bitpanda	IRISnet (IRIS)	0.01
   CoinEx	IRISnet (IRIS)	0
   Crypto.com	IRISnet (IRIS)	0.01
   Gate.io	IRISnet (IRIS)	0

   View all 7 prices

2. 2. Select a IRISnet Wallet

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

   Platform	Cryptocurrency	Staking rewards in the UAE
   Moonstake	IRISnet (IRIS)	Up to 6.83% APY
   Stakewolle	IRISnet (IRIS)	Up to 9.83% APY
   Stakin	IRISnet (IRIS)	Up to 11.78% APY

   Explore all 6 staking rewards available in the UAE market.

3. 3. Delegate Your IRIS in the UAE

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

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.