How to Stake AltLayer (ALT)

Introduction

Staking AltLayer can be an excellent choice for those looking to hold ALT 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 AltLayer (ALT) Tokens

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

   E-platform	Coin	Cost
   PrimeXBT	AltLayer (ALT)	0.03 APY
   Binance	AltLayer (ALT)	0.03 APY
   Coinbase	AltLayer (ALT)	0.03 APY
   Bybit	AltLayer (ALT)	0.03 APY
   Crypto.com	AltLayer (ALT)	0.03 APY
   Gate.io	AltLayer (ALT)	0.03 APY

   See all 21 prices in Uganda

2. 2. Select a AltLayer Wallet

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

   E-platform	Coin	Staking rewards in Uganda
   Binance	AltLayer (ALT)	Up to 8.9% APY

3. 3. Delegate Your ALT

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