How to Stake Zilliqa (ZIL)

Introduction

Staking Zilliqa can be an excellent choice for those looking to hold ZIL 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 Zilliqa (ZIL) Tokens

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

   E-platform	Coin	Cost
   EarnPark	Zilliqa (ZIL)	0.01 APY
   YouHodler	Zilliqa (ZIL)	0.01 APY
   Binance	Zilliqa (ZIL)	0.01 APY
   OKX	Zilliqa (ZIL)	0.01 APY
   Uphold	Zilliqa (ZIL)	0.01 APY
   Bake	Zilliqa (ZIL)	0.01 APY

   See all 45 prices in Uganda

2. 2. Select a Zilliqa Wallet

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

   E-platform	Coin	Staking rewards in Uganda
   Uphold	Zilliqa (ZIL)	Up to 5% APY
   Atomic Wallet	Zilliqa (ZIL)	Up to 15% APY
   Binance	Zilliqa (ZIL)	Up to 2.7% APY

   View all 20 staking rewards available.

3. 3. Delegate Your ZIL

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