How to Stake Stride (STRD)

Introduction

Staking Stride can be an excellent choice for those looking to hold STRD 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 Stride (STRD) Tokens

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

   E-platform	Coin	Cost
   Kraken	Stride (STRD)	0.06 APY
   CoinEx	Stride (STRD)	0.06 APY
   MEXC Global	Stride (STRD)	0.06 APY

   See all 6 prices in Uganda

2. 2. Select a Stride Wallet

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

   E-platform	Coin	Staking rewards in Uganda
   Everstake	Stride (STRD)	Up to 2.85% APY
   MyCointainer	Stride (STRD)	Up to 12.1% APY
   Stakely.io	Stride (STRD)	Up to 1.57% APY
   Stakewolle	Stride (STRD)	Up to 14.56% APY

   View all 7 staking rewards available.

3. 3. Delegate Your STRD

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