How to Stake 1inch (1INCH)

Introduction

Staking 1inch can be an excellent choice for those looking to hold 1INCH while earning APY in a secure manner and supporting the network. The process may seem a bit overwhelming, particularly if it's your first time. That's why we've created this guide to assist you.

Step-by-Step Guide for South African Investors

1. 1. Acquire 1inch (1INCH) Tokens

   To stake 1inch, you first need to acquire it. To obtain 1inch, you'll need to buy it. You can select from these popular exchanges available in South Africa.

   Platform	Mint	Cost
   Nexo	1inch (1INCH)	0,16
   PrimeXBT	1inch (1INCH)	0,16
   YouHodler	1inch (1INCH)	0,16
   Binance	1inch (1INCH)	0,16
   BTSE	1inch (1INCH)	0,16
   Coinbase	1inch (1INCH)	0,16

   View all 61 prices

2. 2. Select a 1inch Wallet

   Once you have 1INCH, you'll need to choose a 1inch wallet to store your tokens securely. Here are some solid options to consider.

   Platform	Mint	Staking rewards in South Africa
   Binance	1inch (1INCH)	Up to 0,2% APY

3. 3. Delegate Your 1INCH

   We recommend using a staking pool when staking 1INCH. It's simpler and quicker to get started. A staking pool is a collective of validators who combine their 1INCH, 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 1inch network. You'll be rewarded with 1INCH for these validations.

What to Keep in Mind

There are transaction and staking pool fees you need to take into account. Additionally, there may be a waiting period before you begin earning rewards. The staking pool will need to generate blocks, and this process can take some time.