How to Stake Venus (XVS)

Introduction

Staking Venus can be an excellent choice for those looking to hold XVS 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 Venus (XVS) Tokens

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

   E-platform	Coin	Cost
   Binance	Venus (XVS)	4.13 APY
   Azbit	Venus (XVS)	4.13 APY
   BingX	Venus (XVS)	4.13 APY
   Bitpanda	Venus (XVS)	9.32 APY
   Bybit	Venus (XVS)	4.13 APY
   CoinEx	Venus (XVS)	4.13 APY

   See all 28 prices in Uganda

2. 2. Select a Venus Wallet

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

   E-platform	Coin	Staking rewards in Uganda
   Binance	Venus (XVS)	Up to 5.12% APY

3. 3. Delegate Your XVS

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