How to Stake Hedera (HBAR)

Introduction

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

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

   E-platform	Coin	Cost
   PrimeXBT	Hedera (HBAR)	0.12 APY
   Binance	Hedera (HBAR)	0.12 APY
   Coinbase	Hedera (HBAR)	0.12 APY
   Kraken	Hedera (HBAR)	0.12 APY
   OKX	Hedera (HBAR)	0.24 APY
   Uphold	Hedera (HBAR)	0.17 APY

   See all 53 prices in Uganda

2. 2. Select a Hedera Wallet

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

   E-platform	Coin	Staking rewards in Uganda
   Uphold	Hedera (HBAR)	Up to 0.05% APY
   Atomic Wallet	Hedera (HBAR)	Up to 2.5% APY

   View all 6 staking rewards available.

3. 3. Delegate Your HBAR

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