Introduction

Staking THORChain can be an excellent choice for those looking to hold RUNE 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 THORChain (RUNE) Tokens

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

   E-platform	Coin	Cost
   Nexo	THORChain (RUNE)	0.57 APY
   PrimeXBT	THORChain (RUNE)	0.57 APY
   Binance	THORChain (RUNE)	0.57 APY
   Coinbase	THORChain (RUNE)	5.44 APY
   Kraken	THORChain (RUNE)	0.57 APY
   Uphold	THORChain (RUNE)	1.17 APY

   See all 40 prices in Uganda

2. 2. Select a THORChain Wallet

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

3. 3. Delegate Your RUNE

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