How to Stake PIVX (PIVX) in the UAE

Introduction

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

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

   Platform	Cryptocurrency	Price
   Binance	PIVX (PIVX)	0.12
   Bitmart	PIVX (PIVX)	0.12
   CoinEx	PIVX (PIVX)	0.12
   Gate.io	PIVX (PIVX)	0.16
   LBank	PIVX (PIVX)	0.34
   MEXC Global	PIVX (PIVX)	0.12

   View all 12 prices

2. 2. Select a PIVX Wallet

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

   Platform	Cryptocurrency	Staking rewards in the UAE
   MyCointainer	PIVX (PIVX)	Up to 6.5% APY

3. 3. Delegate Your PIVX in the UAE

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

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.