How to Stake Harmony (ONE)

Introduction

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

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

   E-platform	Coin	Cost
   Uphold	Harmony (ONE)	0.01 APY
   OKX	Harmony (ONE)	0.01 APY
   Binance	Harmony (ONE)	0.01 APY
   BTSE	Harmony (ONE)	0.01 APY
   Bitmart	Harmony (ONE)	0.01 APY

   See all 22 prices in Uganda

2. 2. Select a Harmony Wallet

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

   E-platform	Coin	Staking rewards in Uganda
   Binance	Harmony (ONE)	Up to 6% APY
   Bitpanda	Harmony (ONE)	Up to 7% APY
   Chainode Tech	Harmony (ONE)	Up to 11% APY

   View all 6 staking rewards available.

3. 3. Delegate Your ONE

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