How to Stake iExec RLC (RLC)

Introduction

Staking iExec RLC can be an excellent choice for those looking to hold RLC 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 iExec RLC (RLC) Tokens

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

   E-platform	Coin	Cost
   Binance	iExec RLC (RLC)	0.65 APY
   Coinbase	iExec RLC (RLC)	0.65 APY
   Kraken	iExec RLC (RLC)	0.65 APY
   BingX	iExec RLC (RLC)	2.07 APY
   Bitget	iExec RLC (RLC)	0.65 APY
   Bitmart	iExec RLC (RLC)	0.84 APY

   See all 32 prices in Uganda

2. 2. Select a iExec RLC Wallet

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

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

3. 3. Delegate Your RLC

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