How to Stake Nova Merged wBTC (zkLink) (WBTC)

Introduction

Staking Nova Merged wBTC (zkLink) can be an excellent choice for those looking to hold WBTC 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 Nova Merged wBTC (zkLink) (WBTC) Tokens

   To stake Nova Merged wBTC (zkLink), you first need to acquire it. To obtain Nova Merged wBTC (zkLink), you will have to buy it. You can select from these well-known exchanges available in Uganda.

   E-platform	Coin	Cost
   Uphold	Nova Merged wBTC (zkLink) (WBTC)	105,586.08 APY
   Blockchain.com	Nova Merged wBTC (zkLink) (WBTC)	19,154.51 APY
   Currency.com	Nova Merged wBTC (zkLink) (WBTC)	85,217.85 APY
   FMFW.io	Nova Merged wBTC (zkLink) (WBTC)	109,934 APY
   Phemex	Nova Merged wBTC (zkLink) (WBTC)	87,818.42 APY
   Probit	Nova Merged wBTC (zkLink) (WBTC)	107,090 APY

   See all 12 prices in Uganda

2. 2. Select a Nova Merged wBTC (zkLink) Wallet

   Once you have WBTC, you'll need to select a Nova Merged wBTC (zkLink) wallet to securely store your tokens. Here are some reliable options to consider.

   E-platform	Coin	Staking rewards in Uganda
   FMFW.io	Nova Merged wBTC (zkLink) (WBTC)	Up to 1% APY

3. 3. Delegate Your WBTC

   We recommend using a staking pool when staking WBTC. It's simpler and quicker to get started. A staking pool is a collective of validators who combine their WBTC, 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 Nova Merged wBTC (zkLink) network. You'll be rewarded with WBTC 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.