Introduction

Staking Covalent X Token can be an excellent choice for those looking to hold CXT 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 Covalent X Token (CXT) Tokens

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

   E-platform	Coin	Cost
   Kraken	Covalent X Token (CXT)	0.01 APY
   OKX	Covalent X Token (CXT)	0.03 APY
   Uphold	Covalent X Token (CXT)	0.03 APY
   BingX	Covalent X Token (CXT)	0.01 APY
   Bitmart	Covalent X Token (CXT)	0.01 APY
   Bitstamp	Covalent X Token (CXT)	0.01 APY

   See all 23 prices in Uganda

2. 2. Select a Covalent X Token Wallet

   Once you have CXT, you'll need to select a Covalent X Token wallet to securely store your tokens. Here are some reliable options to consider.

3. 3. Delegate Your CXT

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