How to Stake MultiversX (EGLD)

Introduction

Staking MultiversX can be an excellent choice for those looking to hold EGLD 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 MultiversX (EGLD) Tokens

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

   E-platform	Coin	Cost
   PrimeXBT	MultiversX (EGLD)	6.19 APY
   YouHodler	MultiversX (EGLD)	6.2 APY
   Binance	MultiversX (EGLD)	6.2 APY
   BTSE	MultiversX (EGLD)	6.2 APY
   Coinbase	MultiversX (EGLD)	6.18 APY
   Kraken	MultiversX (EGLD)	6.2 APY

   See all 53 prices in Uganda

2. 2. Select a MultiversX Wallet

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

   E-platform	Coin	Staking rewards in Uganda
   Atomic Wallet	MultiversX (EGLD)	Up to 9.4% APY
   Binance	MultiversX (EGLD)	Up to 3.1% APY
   Bitget	MultiversX (EGLD)	Up to 8.5% APY

   View all 13 staking rewards available.

3. 3. Delegate Your EGLD

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