How to Stake REI Network (REI)

Introduction

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

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

   E-platform	Coin	Cost
   Binance	REI Network (REI)	0 APY
   Bitpanda	REI Network (REI)	0.07 APY
   CoinEx	REI Network (REI)	0.01 APY
   Gate.io	REI Network (REI)	0 APY
   Hotcoin	REI Network (REI)	0.02 APY
   HTX	REI Network (REI)	0 APY

   See all 13 prices in Uganda

2. 2. Select a REI Network Wallet

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

   E-platform	Coin	Staking rewards in Uganda
   Binance	REI Network (REI)	Up to 3.19% APY

3. 3. Delegate Your REI

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