How to Stake Zilliqa (ZIL) in the UAE

Introduction

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

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

   Platform	Cryptocurrency	Price
   EarnPark	Zilliqa (ZIL)	0.01
   YouHodler	Zilliqa (ZIL)	0.01
   Uphold	Zilliqa (ZIL)	0.01
   OKX	Zilliqa (ZIL)	0.01
   Binance	Zilliqa (ZIL)	0.01
   Bake	Zilliqa (ZIL)	0.01

   View all 45 prices

2. 2. Select a Zilliqa Wallet

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

   Platform	Cryptocurrency	Staking rewards in the UAE
   Uphold	Zilliqa (ZIL)	Up to 5% APY
   Atomic Wallet	Zilliqa (ZIL)	Up to 15% APY
   Binance	Zilliqa (ZIL)	Up to 2.7% APY

   Explore all 20 staking rewards available in the UAE market.

3. 3. Delegate Your ZIL in the UAE

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

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.