How to Stake Akash Network (AKT)

Introduction

Staking Akash Network can be an excellent choice for those looking to hold AKT 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 Akash Network (AKT) Tokens

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

   E-platform	Coin	Cost
   Coinbase	Akash Network (AKT)	0.37 APY
   Uphold	Akash Network (AKT)	1.38 APY
   Bake	Akash Network (AKT)	0.37 APY
   BingX	Akash Network (AKT)	0.37 APY
   Bitmart	Akash Network (AKT)	0.37 APY
   Bitpanda	Akash Network (AKT)	4.24 APY

   See all 27 prices in Uganda

2. 2. Select a Akash Network Wallet

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

   E-platform	Coin	Staking rewards in Uganda
   Bitpanda	Akash Network (AKT)	Up to 10% APY
   Chainode Tech	Akash Network (AKT)	Up to 9.8% APY

   View all 9 staking rewards available.

3. 3. Delegate Your AKT

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