How to Stake IRISnet (IRIS): A Step-by-Step Guide for Ugandans

Introduction

Staking IRISnet can be an excellent choice for those looking to hold IRIS 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 IRISnet (IRIS) Tokens
To stake IRISnet, you first need to acquire it. To obtain IRISnet, you will have to buy it. You can select from these well-known exchanges available in Uganda.
E-platform Coin Cost
Binance IRISnet (IRIS) 0.01 APY
Bitpanda IRISnet (IRIS) 0.01 APY
CoinEx IRISnet (IRIS) 0.000516 APY
Crypto.com IRISnet (IRIS) 0.01 APY
Gate.io IRISnet (IRIS) 0.0005258 APY
See all 7 prices in Uganda
2. Select a IRISnet Wallet
Once you have IRIS, you'll need to select a IRISnet wallet to securely store your tokens. Here are some reliable options to consider.
E-platform Coin Staking rewards in Uganda
Moonstake IRISnet (IRIS) Up to 6.83% APY
Stakewolle IRISnet (IRIS) Up to 9.83% APY
Stakin IRISnet (IRIS) Up to 11.78% APY
View all 6 staking rewards available.
3. Delegate Your IRIS
We recommend using a staking pool when staking IRIS. It's simpler and quicker to get started. A staking pool is a collective of validators who combine their IRIS, 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 IRISnet network. You'll be rewarded with IRIS for these validations.

E-platform	Coin	Cost
Binance	IRISnet (IRIS)	0.01 APY
Bitpanda	IRISnet (IRIS)	0.01 APY
CoinEx	IRISnet (IRIS)	0.000516 APY
Crypto.com	IRISnet (IRIS)	0.01 APY
Gate.io	IRISnet (IRIS)	0.0005258 APY

E-platform	Coin	Staking rewards in Uganda
Moonstake	IRISnet (IRIS)	Up to 6.83% APY
Stakewolle	IRISnet (IRIS)	Up to 9.83% APY
Stakin	IRISnet (IRIS)	Up to 11.78% 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.