How to Stake Ontology (ONT) in the UAE

Introduction

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

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

   Platform	Cryptocurrency	Price
   Binance	Ontology (ONT)	0.14
   OKX	Ontology (ONT)	0.15
   Uphold	Ontology (ONT)	0.14
   Azbit	Ontology (ONT)	0.14
   BingX	Ontology (ONT)	0.14
   Bitget	Ontology (ONT)	0.14

   View all 30 prices

2. 2. Select a Ontology Wallet

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

   Platform	Cryptocurrency	Staking rewards in the UAE
   Binance	Ontology (ONT)	Up to 13.5% APY
   CEX.io	Ontology (ONT)	Up to 10% APY
   Exodus	Ontology (ONT)	Up to 17.08% APY

   Explore all 10 staking rewards available in the UAE market.

3. 3. Delegate Your ONT in the UAE

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

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.