How to Stake Portal (PORTAL)

Introduction

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

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

   E-platform	Coin	Cost
   PrimeXBT	Portal (PORTAL)	0.02 APY
   Binance	Portal (PORTAL)	0.02 APY
   BTSE	Portal (PORTAL)	0.02 APY
   Kraken	Portal (PORTAL)	0.02 APY
   Azbit	Portal (PORTAL)	0.02 APY
   BingX	Portal (PORTAL)	0.02 APY

   See all 39 prices in Uganda

2. 2. Select a Portal Wallet

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

   E-platform	Coin	Staking rewards in Uganda
   Bitmart	Portal (PORTAL)	Up to 1% APY

3. 3. Delegate Your PORTAL

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