Introduction

Staking Neutron can be an excellent choice for those looking to hold NTRN 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 Neutron (NTRN) Tokens

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

   E-platform	Coin	Cost
   Binance	Neutron (NTRN)	0.03 APY
   Kraken	Neutron (NTRN)	0.03 APY
   Bake	Neutron (NTRN)	0.03 APY
   BingX	Neutron (NTRN)	0 APY
   Bitget	Neutron (NTRN)	0.03 APY
   Bitmart	Neutron (NTRN)	0.09 APY

   See all 34 prices in Uganda

2. 2. Select a Neutron Wallet

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

3. 3. Delegate Your NTRN

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