Introduction

Staking eCash can be an excellent choice for those looking to hold XEC 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 eCash (XEC) Tokens

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

   E-platform	Coin	Cost
   Binance	eCash (XEC)	0.00002043 APY
   BingX	eCash (XEC)	0.00002044 APY
   Bitmart	eCash (XEC)	0.00002042 APY
   Bitpanda	eCash (XEC)	0.00004911 APY
   CoinEx	eCash (XEC)	0.00002035 APY
   FMFW.io	eCash (XEC)	0.00002 APY

   See all 24 prices in Uganda

2. 2. Select a eCash Wallet

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

3. 3. Delegate Your XEC

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