How to Stake Raydium (RAY) in India

Introduction

Staking Raydium can be an excellent choice for those looking to hold RAY while earning returns in a secure manner and supporting the network. The process may seem a bit overwhelming, particularly for first-timers. That's why we've created this guide specifically for you.

Step-by-Step Guide for Indian Investors

1. 1. Acquire Raydium (RAY) Tokens in India

   To stake Raydium, you first need to acquire it. To obtain Raydium, you will have to purchase it from a cryptocurrency exchange. You can select from these popular platforms available in India.

   Platform	Coin	Cost
   YouHodler	Raydium (RAY)	0.91
   Binance	Raydium (RAY)	0.91
   Kraken	Raydium (RAY)	0.91
   OKX	Raydium (RAY)	0.9
   Uphold	Raydium (RAY)	2.39
   Azbit	Raydium (RAY)	0.91

   See all 46 rates

2. 2. Choose a Raydium Wallet in India

   Once you have RAY, you'll need to choose a Raydium wallet to securely store your tokens. Here are some reliable options available in India.

   Platform	Coin	Staking rewards in India
   YouHodler	Raydium (RAY)	Up to 15% APY
   Binance	Raydium (RAY)	Up to 5.23% APY

   View all 4 staking rewards available in India

3. 3. Delegate Your RAY in India

   We recommend using a staking pool when staking RAY. It's simpler and quicker to get started. A staking pool is a collective of validators who combine their RAY, increasing their chances of validating transactions and earning rewards. You can easily do this through your wallet's interface.

4. 4. Start Validating

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

What to Keep in Mind

When engaging in staking, it's important to factor in transaction fees and staking pool charges. Additionally, there may be a waiting period before you begin to earn rewards. The staking pool must generate blocks, which can take some time to accomplish.