How to Stake 1inch (1INCH)

Introduction

Staking 1inch can be an excellent choice for those looking to hold 1INCH while earning APY in a secure manner and supporting the network. The process might seem a bit overwhelming, particularly if you're doing it for the first time. That's why we've created this guide specifically for you.

Step-by-Step Guide for Ugandan Investors

1. 1. Acquire 1inch (1INCH) Tokens

   To stake 1inch, you first need to acquire it. To obtain 1inch, you will have to buy it. You can select from these well-known exchanges available in Uganda.

   E-platform	Coin	Cost
   Nexo	1inch (1INCH)	0.16 APY
   PrimeXBT	1inch (1INCH)	0.16 APY
   YouHodler	1inch (1INCH)	0.16 APY
   Binance	1inch (1INCH)	0.16 APY
   BTSE	1inch (1INCH)	0.16 APY
   Coinbase	1inch (1INCH)	0.16 APY

   See all 61 prices in Uganda

2. 2. Select a 1inch Wallet

   Once you have 1INCH, you'll need to select a 1inch wallet to securely store your tokens. Here are some reliable options to consider.

   E-platform	Coin	Staking rewards in Uganda
   Binance	1inch (1INCH)	Up to 0.2% APY

3. 3. Delegate Your 1INCH

   We recommend using a staking pool when staking 1INCH. It's simpler and quicker to get started. A staking pool is a collective of validators who combine their 1INCH, which increases their chances of validating transactions and earning rewards. You can manage this through your wallet's interface.

4. 4. Start Validating

   You'll need to wait for your deposit to be confirmed by your wallet. Once it's confirmed, you'll automatically validate transactions on the 1inch network. You'll be rewarded with 1INCH for these validations.

What to Keep in Mind

There are transaction and staking pool fees you need to keep in mind. Additionally, there may be a waiting period before you begin earning rewards. The staking pool will need to generate blocks, which can take a bit of time.