How to Stake Jupiter (JUP)

Introduction

Staking Jupiter can be an excellent choice for those looking to hold JUP 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 Jupiter (JUP) Tokens

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

   E-platform	Coin	Cost
   PrimeXBT	Jupiter (JUP)	0.21 APY
   Coinbase	Jupiter (JUP)	0.21 APY
   Kraken	Jupiter (JUP)	0.21 APY
   Uphold	Jupiter (JUP)	0.55 APY
   Azbit	Jupiter (JUP)	0.21 APY

   See all 29 prices in Uganda

2. 2. Select a Jupiter Wallet

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

   E-platform	Coin	Staking rewards in Uganda
   YouHodler	Jupiter (JUP)	Up to 15% APY

3. 3. Delegate Your JUP

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