How to Stake STACKS (stacks)

Introduction

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

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

   E-platform	Coin	Cost
   Uphold	STACKS (stacks)	0.79 APY
   BingX	STACKS (stacks)	0.74 APY
   Bitget	STACKS (stacks)	0.74 APY
   Bitmart	STACKS (stacks)	0.69 APY
   Bitpanda	STACKS (stacks)	2.3 APY
   Blockchain.com	STACKS (stacks)	0.32 APY

   See all 21 prices in Uganda

2. 2. Select a STACKS Wallet

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

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

3. 3. Delegate Your stacks

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