How to Stake Cosmos Hub (ATOM)

Introduction

Staking Cosmos Hub can be an excellent choice for those looking to hold ATOM 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 Cosmos Hub (ATOM) Tokens

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

   E-platform	Coin	Cost
   Nexo	Cosmos Hub (ATOM)	2.06 APY
   PrimeXBT	Cosmos Hub (ATOM)	2.05 APY
   YouHodler	Cosmos Hub (ATOM)	2.05 APY
   Binance	Cosmos Hub (ATOM)	2.05 APY
   BTSE	Cosmos Hub (ATOM)	2.05 APY
   Coinbase	Cosmos Hub (ATOM)	2.05 APY

   See all 69 prices in Uganda

2. 2. Select a Cosmos Hub Wallet

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

   E-platform	Coin	Staking rewards in Uganda
   YouHodler	Cosmos Hub (ATOM)	Up to 12% APY
   Uphold	Cosmos Hub (ATOM)	Up to 15% APY
   Bake	Cosmos Hub (ATOM)	Up to 12% APY
   Binance	Cosmos Hub (ATOM)	Up to 10.5% APY
   Bitget	Cosmos Hub (ATOM)	Up to 17% APY

   View all 33 staking rewards available.

3. 3. Delegate Your ATOM

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