How to Stake Internet Computer (ICP): A Step-by-Step Guide for Ugandans

Introduction

Staking Internet Computer can be an excellent choice for those looking to hold ICP 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. Acquire Internet Computer (ICP) Tokens

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

E-platform	Coin	Cost
PrimeXBT	Internet Computer (ICP)	3.07 APY
YouHodler	Internet Computer (ICP)	3.07 APY
Binance	Internet Computer (ICP)	3.07 APY
Coinbase	Internet Computer (ICP)	3.07 APY
Kraken	Internet Computer (ICP)	3.07 APY
OKX	Internet Computer (ICP)	5.15 APY

See all 54 prices in Uganda

2. Select a Internet Computer Wallet
Once you have ICP, you'll need to select a Internet Computer wallet to securely store your tokens. Here are some reliable options to consider.
E-platform Coin Staking rewards in Uganda
Binance Internet Computer (ICP) Up to 3.92% APY
Bitmart Internet Computer (ICP) Up to 1% APY
View all 4 staking rewards available.
3. Delegate Your ICP
We recommend using a staking pool when staking ICP. It's simpler and quicker to get started. A staking pool is a collective of validators who combine their ICP, which increases their chances of validating transactions and earning rewards. You can manage this through your wallet's interface.
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 Internet Computer network. You'll be rewarded with ICP for these validations.

E-platform	Coin	Staking rewards in Uganda
Binance	Internet Computer (ICP)	Up to 3.92% APY
Bitmart	Internet Computer (ICP)	Up to 1% APY

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.