How to Stake Ronin (RON)

Introduction

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

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

   E-platform	Coin	Cost
   Binance	Ronin (RON)	0.13 APY
   Coinbase	Ronin (RON)	0.14 APY
   OKX	Ronin (RON)	0.79 APY
   Uphold	Ronin (RON)	0.6 APY
   Bake	Ronin (RON)	0.13 APY
   BingX	Ronin (RON)	0.13 APY

   See all 35 prices in Uganda

2. 2. Select a Ronin Wallet

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

   E-platform	Coin	Staking rewards in Uganda
   Binance	Ronin (RON)	Up to 7.04% APY
   Bitpanda	Ronin (RON)	Up to 8% APY

   View all 4 staking rewards available.

3. 3. Delegate Your RON

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