How to Stake Osmosis (OSMO)

Introduction

Staking Osmosis can be an excellent choice for those looking to hold OSMO 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 Osmosis (OSMO) Tokens

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

   E-platform	Coin	Cost
   Nexo	Osmosis (OSMO)	0.05 APY
   Binance	Osmosis (OSMO)	0.05 APY
   Coinbase	Osmosis (OSMO)	0.05 APY
   Kraken	Osmosis (OSMO)	0.05 APY
   Bake	Osmosis (OSMO)	0.05 APY
   BingX	Osmosis (OSMO)	0.05 APY

   See all 39 prices in Uganda

2. 2. Select a Osmosis Wallet

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

   E-platform	Coin	Staking rewards in Uganda
   Atomic Wallet	Osmosis (OSMO)	Up to 22% APY
   Binance	Osmosis (OSMO)	Up to 2.5% APY
   Bitget	Osmosis (OSMO)	Up to 8% APY

   View all 22 staking rewards available.

3. 3. Delegate Your OSMO

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