How to Stake Navio (NAV)

Introduction

Staking Navio can be an excellent choice for those looking to hold NAV 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 Navio (NAV) Tokens

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

   E-platform	Coin	Cost
   MEXC Global	Navio (NAV)	0.05 APY

2. 2. Select a Navio Wallet

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

   E-platform	Coin	Staking rewards in Uganda
   MyCointainer	Navio (NAV)	Up to 4.1% APY

3. 3. Delegate Your NAV

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