Introduction

Staking PAX Gold can be an excellent choice for those looking to hold PAXG 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 PAX Gold (PAXG) Tokens

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

   E-platform	Coin	Cost
   Nexo	PAX Gold (PAXG)	3,648.21 APY
   YouHodler	PAX Gold (PAXG)	4,037.74 APY
   Binance	PAX Gold (PAXG)	4,038.12 APY
   Coinbase	PAX Gold (PAXG)	4,043.54 APY
   Kraken	PAX Gold (PAXG)	4,047.23 APY
   Luno	PAX Gold (PAXG)	4,025.47 APY

   See all 45 prices in Uganda

2. 2. Select a PAX Gold Wallet

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

3. 3. Delegate Your PAXG

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