How to Stake Stox (STX)

Introduction

Staking Stox can be an excellent choice for those looking to hold STX 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 Stox (STX) Tokens

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

   E-platform	Coin	Cost
   YouHodler	Stox (STX)	0.26 APY
   Binance	Stox (STX)	0.26 APY
   Coinbase	Stox (STX)	0.26 APY
   Kraken	Stox (STX)	0.26 APY
   OKX	Stox (STX)	0.65 APY
   Bake	Stox (STX)	0.26 APY

   See all 32 prices in Uganda

2. 2. Select a Stox Wallet

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

   E-platform	Coin	Staking rewards in Uganda
   Binance	Stox (STX)	Up to 5% APY
   Kucoin	Stox (STX)	Up to 4% APY

   View all 4 staking rewards available.

3. 3. Delegate Your STX

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