How to Stake Archway (ARCH)

Introduction

Staking Archway can be an excellent choice for those looking to hold ARCH 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 Archway (ARCH) Tokens

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

   E-platform	Coin	Cost
   CoinEx	Archway (ARCH)	0 APY
   MEXC Global	Archway (ARCH)	0 APY

   See all 4 prices in Uganda

2. 2. Select a Archway Wallet

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

   E-platform	Coin	Staking rewards in Uganda
   Chainode Tech	Archway (ARCH)	Up to 16% APY
   Stakely.io	Archway (ARCH)	Up to 3.17% APY
   Stakin	Archway (ARCH)	Up to 15.03% APY

   View all 6 staking rewards available.

3. 3. Delegate Your ARCH

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