How to Stake Flow (FLOW)

Introduction

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

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

   E-platform	Coin	Cost
   PrimeXBT	Flow (FLOW)	0.17 APY
   Uphold	Flow (FLOW)	0.38 APY
   Bake	Flow (FLOW)	0.17 APY
   BingX	Flow (FLOW)	0.17 APY
   Bitget	Flow (FLOW)	0.17 APY
   Bitmart	Flow (FLOW)	0.17 APY

   See all 14 prices in Uganda

2. 2. Select a Flow Wallet

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

   E-platform	Coin	Staking rewards in Uganda
   Bitpanda	Flow (FLOW)	Up to 6% APY
   MyCointainer	Flow (FLOW)	Up to 10.1% APY

3. 3. Delegate Your FLOW

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