How to Stake Notcoin (NOT)

Introduction

Staking Notcoin can be an excellent choice for those looking to hold NOT 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 Notcoin (NOT) Tokens

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

   E-platform	Coin	Cost
   PrimeXBT	Notcoin (NOT)	0.000533 APY
   YouHodler	Notcoin (NOT)	0.000533 APY
   Binance	Notcoin (NOT)	0.000533 APY
   Kraken	Notcoin (NOT)	0.000533 APY
   OKX	Notcoin (NOT)	0 APY
   Uphold	Notcoin (NOT)	0 APY

   See all 44 prices in Uganda

2. 2. Select a Notcoin Wallet

   Once you have NOT, you'll need to select a Notcoin wallet to securely store your tokens. Here are some reliable options to consider.

   E-platform	Coin	Staking rewards in Uganda
   Binance	Notcoin (NOT)	Up to 7.9% APY

3. 3. Delegate Your NOT

   We recommend using a staking pool when staking NOT. It's simpler and quicker to get started. A staking pool is a collective of validators who combine their NOT, 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 Notcoin network. You'll be rewarded with NOT 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.