Introduction

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

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

   E-platform	Coin	Cost
   Binance	Reef (REEF)	0.000688 APY
   BingX	Reef (REEF)	0.0004311 APY
   Bitget	Reef (REEF)	0 APY
   Bitmart	Reef (REEF)	0.0001476 APY
   Bitpanda	Reef (REEF)	0 APY
   Bybit	Reef (REEF)	0.0004742 APY

   See all 22 prices in Uganda

2. 2. Select a Reef Wallet

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

3. 3. Delegate Your REEF

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