How to Stake First Digital USD (FDUSD)

Introduction

Staking First Digital USD can be an excellent choice for those looking to hold FDUSD 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 First Digital USD (FDUSD) Tokens

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

   E-platform	Coin	Cost
   Binance	First Digital USD (FDUSD)	1 APY
   Azbit	First Digital USD (FDUSD)	1 APY
   BingX	First Digital USD (FDUSD)	1 APY
   Bitget	First Digital USD (FDUSD)	1 APY
   Bybit	First Digital USD (FDUSD)	1 APY

   See all 19 prices in Uganda

2. 2. Select a First Digital USD Wallet

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

   E-platform	Coin	Staking rewards in Uganda
   Binance	First Digital USD (FDUSD)	Up to 16.2% APY

3. 3. Delegate Your FDUSD

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