How to Stake e-Money (NGM) in Russia

Introduction

Staking e-Money can be an excellent choice for those in Russia looking to hold NGM while earning a yield 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 comprehensive guide tailored for the Russian audience.

Step-by-Step Guide

1. 1. Acquire e-Money (NGM) Tokens in Russia

   To stake e-Money in Russia, you first need to acquire it. To obtain e-Money, you'll need to purchase it from one of the popular cryptocurrency exchanges available in the Russian market.

2. 2. Select a e-Money Wallet for Your Needs in Russia

   Once you have NGM, you'll need to choose a e-Money wallet to securely store your tokens. In Russia, there are several reliable options to consider that cater to local users. Here are some good choices for cryptocurrency wallets that are popular among Russian investors.

   Platform	Coin	Staking yields
   Stakewolle	e-Money (NGM)	Up to 29.45% APY in Russia

3. 3. Delegate Your NGM in Russia

   We recommend using a staking pool when staking NGM in Russia. It's simpler and faster to get started. A staking pool is a collective of validators who combine their NGM, increasing their chances of validating transactions and earning rewards. You can easily manage this through your wallet's interface, which is often compatible with popular Russian platforms.

4. 4. Start Validating

   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 e-Money network. For these validations, you will be rewarded with NGM.

What to Consider in Russia

In Russia, it's important to be aware of the transaction and staking pool fees that may apply. Additionally, you might encounter a waiting period before you begin to earn rewards. The staking pool must generate blocks, which can take some time, so patience is key as you navigate the Russian cryptocurrency landscape.