How to Stake Oraichain (ORAI) in the UAE

Introduction

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

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

   Platform	Cryptocurrency	Price
   Uphold	Oraichain (ORAI)	2.97
   Bake	Oraichain (ORAI)	0.74
   Bitget	Oraichain (ORAI)	0.74
   Bitpanda	Oraichain (ORAI)	10.03
   CoinEx	Oraichain (ORAI)	0.74
   Crypto.com	Oraichain (ORAI)	0.73

   View all 17 prices

2. 2. Select a Oraichain Wallet

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

   Platform	Cryptocurrency	Staking rewards in the UAE
   Kucoin	Oraichain (ORAI)	Up to 13% APY
   MyCointainer	Oraichain (ORAI)	Up to 19.13% APY

3. 3. Delegate Your ORAI in the UAE

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

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.