How to Stake Helium (HNT)

Introduction

Staking Helium can be an excellent choice for those looking to hold HNT 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 Helium (HNT) Tokens

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

   E-platform	Coin	Cost
   Binance	Helium (HNT)	4.67 APY
   Coinbase	Helium (HNT)	1.51 APY
   Kraken	Helium (HNT)	1.51 APY
   Uphold	Helium (HNT)	3.2 APY
   Azbit	Helium (HNT)	1.51 APY
   Bake	Helium (HNT)	1.51 APY

   See all 36 prices in Uganda

2. 2. Select a Helium Wallet

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

   E-platform	Coin	Staking rewards in Uganda
   Bitmart	Helium (HNT)	Up to 1% APY

3. 3. Delegate Your HNT

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