How to Stake Acala (ACA)

Introduction

Staking Acala can be an excellent choice for those looking to hold ACA 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 Acala (ACA) Tokens

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

   E-platform	Coin	Cost
   Binance	Acala (ACA)	0.01 APY
   Kraken	Acala (ACA)	0.01 APY
   OKX	Acala (ACA)	0.04 APY
   BingX	Acala (ACA)	0.01 APY
   Bitget	Acala (ACA)	0.01 APY
   Bitmart	Acala (ACA)	0.03 APY

   See all 26 prices in Uganda

2. 2. Select a Acala Wallet

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

   E-platform	Coin	Staking rewards in Uganda
   Binance	Acala (ACA)	Up to 11.2% APY
   Bitget	Acala (ACA)	Up to 10% APY

3. 3. Delegate Your ACA

   We recommend using a staking pool when staking ACA. It's simpler and quicker to get started. A staking pool is a collective of validators who combine their ACA, 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 Acala network. You'll be rewarded with ACA 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.