How to Stake Oraichain (ORAI)

Introduction

Staking Oraichain can be an excellent choice for those looking to hold ORAI 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 Oraichain (ORAI) Tokens

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

   E-platform	Coin	Cost
   Uphold	Oraichain (ORAI)	2.97 APY
   Bake	Oraichain (ORAI)	2.55 APY
   Bitget	Oraichain (ORAI)	2.55 APY
   Bitpanda	Oraichain (ORAI)	10.03 APY
   CoinEx	Oraichain (ORAI)	2.54 APY
   Crypto.com	Oraichain (ORAI)	2.46 APY

   See all 17 prices in Uganda

2. 2. Select a Oraichain Wallet

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

   E-platform	Coin	Staking rewards in Uganda
   Kucoin	Oraichain (ORAI)	Up to 13% APY
   MyCointainer	Oraichain (ORAI)	Up to 19.13% APY

3. 3. Delegate Your ORAI

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