Introduction

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

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

   Platform	Cryptocurrency	Price
   Binance	Metis (METIS)	5.12
   BTSE	Metis (METIS)	5.13
   Coinbase	Metis (METIS)	5.12
   Kraken	Metis (METIS)	5.02
   OKX	Metis (METIS)	17.86
   Uphold	Metis (METIS)	18.62

   View all 41 prices

2. 2. Select a Metis Wallet

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

3. 3. Delegate Your METIS in the UAE

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

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.