How to Stake Oraichain (ORAI) for better returns

Introduction

Staking Oraichain can be an excellent choice for individuals 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 have created this comprehensive guide to assist you.

Step-by-Step Guide

1. 1. Acquire Oraichain (ORAI) Tokens

   To stake Oraichain, you first need to acquire it. To obtain Oraichain, you can purchase it from these well-known exchanges.

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

   View all 17 prices

2. 2. Select a Oraichain Wallet for Your Needs

   Once you have ORAI, you'll need to select a Oraichain wallet to securely store your tokens. Here are some excellent options to consider.

   Platform	Coin	Staking returns
   Kucoin	Oraichain (ORAI)	Up to 13% APY
   MyCointainer	Oraichain (ORAI)	Up to 19.13% APY

3. 3. Delegate Your ORAI for Enhanced Returns

   We recommend utilizing a staking pool when staking ORAI. It is more straightforward and quicker to get started. A staking pool consists of a collective of validators who pool their ORAI, enhancing their chances of validating transactions and earning rewards. You can easily manage this through your wallet's interface.

4. 4. Begin Verification

   You will need to wait for your deposit to be confirmed by your wallet. Once it is confirmed, you will automatically validate transactions on the Oraichain network. For these validations, you will be rewarded with ORAI.

What to Consider in the Chinese Market

When engaging in transactions and participating in staking pools, it's important to factor in the associated fees. Additionally, there may be a waiting period before you begin to receive rewards. The staking pool must successfully generate blocks, which can require some time to accomplish.