Introduction

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

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

   E-platform	Coin	Cost
   YouHodler	Euro (EUR)	1.16 APY
   Binance	Euro (EUR)	1.16 APY
   Kraken	Euro (EUR)	1.16 APY
   Uphold	Euro (EUR)	1.14 APY
   Bake	Euro (EUR)	1.16 APY
   BingX	Euro (EUR)	1.16 APY

   See all 22 prices in Uganda

2. 2. Select a Euro Wallet

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

3. 3. Delegate Your EUR

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