How to Stake Horizen (ZEN)

Introduction

Staking Horizen can be an excellent choice for those looking to hold ZEN 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 Horizen (ZEN) Tokens

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

   E-platform	Coin	Cost
   PrimeXBT	Horizen (ZEN)	8.05 APY
   Binance	Horizen (ZEN)	8.06 APY
   Coinbase	Horizen (ZEN)	8.07 APY
   OKX	Horizen (ZEN)	8.04 APY
   BingX	Horizen (ZEN)	11.52 APY
   Bitget	Horizen (ZEN)	8.06 APY

   See all 28 prices in Uganda

2. 2. Select a Horizen Wallet

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

   E-platform	Coin	Staking rewards in Uganda
   MyCointainer	Horizen (ZEN)	Up to 5.78% APY

3. 3. Delegate Your ZEN

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