Introduction

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

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

   Platform	Cryptocurrency	Price
   BingX	Refund (RFD)	0.000005084
   CoinEx	Refund (RFD)	0.000004141
   Gate.io	Refund (RFD)	0.000004148
   Kucoin	Refund (RFD)	0.000009916
   MEXC Global	Refund (RFD)	0.000004199

   View all 8 prices

2. 2. Select a Refund Wallet

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

3. 3. Delegate Your RFD in the UAE

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

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.