How to Stake Audius (AUDIO)

Introduction

Staking Audius can be an excellent choice for those looking to hold AUDIO 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 Audius (AUDIO) Tokens

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

   E-platform	Coin	Cost
   Binance	Audius (AUDIO)	0.03 APY
   Uphold	Audius (AUDIO)	0.07 APY
   Bake	Audius (AUDIO)	0.03 APY
   BingX	Audius (AUDIO)	0.03 APY
   Bitget	Audius (AUDIO)	0.03 APY
   Bitmart	Audius (AUDIO)	0.06 APY

   See all 33 prices in Uganda

2. 2. Select a Audius Wallet

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

   E-platform	Coin	Staking rewards in Uganda
   Bitpanda	Audius (AUDIO)	Up to 15% APY

3. 3. Delegate Your AUDIO

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