How to Stake PIVX (PIVX)

Introduction

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

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

   E-platform	Coin	Cost
   Binance	PIVX (PIVX)	0.12 APY
   Bitmart	PIVX (PIVX)	0.12 APY
   CoinEx	PIVX (PIVX)	0.12 APY
   Gate.io	PIVX (PIVX)	0.16 APY
   LBank	PIVX (PIVX)	0.34 APY
   MEXC Global	PIVX (PIVX)	0.12 APY

   See all 12 prices in Uganda

2. 2. Select a PIVX Wallet

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

   E-platform	Coin	Staking rewards in Uganda
   MyCointainer	PIVX (PIVX)	Up to 6.5% APY

3. 3. Delegate Your PIVX

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