How to Stake EOS (EOS)

Introduction

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

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

   E-platform	Coin	Cost
   Nexo	EOS (EOS)	0.78 APY
   PrimeXBT	EOS (EOS)	0.75 APY
   EarnPark	EOS (EOS)	0.18 APY
   YouHodler	EOS (EOS)	0.78 APY
   Binance	EOS (EOS)	0.78 APY
   BTSE	EOS (EOS)	0.78 APY

   See all 55 prices in Uganda

2. 2. Select a EOS Wallet

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

   E-platform	Coin	Staking rewards in Uganda
   YouHodler	EOS (EOS)	Up to 13% APY
   Binance	EOS (EOS)	Up to 7.5% APY

   View all 9 staking rewards available.

3. 3. Delegate Your EOS

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