How to Stake Velocimeter FLOW (FLOW)

Introduction

Staking Velocimeter FLOW can be an excellent choice for those looking to hold FLOW 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 Velocimeter FLOW (FLOW) Tokens

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

   E-platform	Coin	Cost
   Coinbase	Velocimeter FLOW (FLOW)	0.4 APY
   Kraken	Velocimeter FLOW (FLOW)	0.4 APY
   Azbit	Velocimeter FLOW (FLOW)	0.4 APY
   Bybit	Velocimeter FLOW (FLOW)	0.4 APY
   CoinEx	Velocimeter FLOW (FLOW)	0.4 APY
   CoinW	Velocimeter FLOW (FLOW)	0.4 APY

   See all 20 prices in Uganda

2. 2. Select a Velocimeter FLOW Wallet

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

   E-platform	Coin	Staking rewards in Uganda
   Kucoin	Velocimeter FLOW (FLOW)	Up to 6% APY

3. 3. Delegate Your FLOW

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