How to Stake Aave (AAVE): A Step-by-Step Guide for South Africans

Introduction

Staking Aave can be an excellent choice for those looking to hold AAVE 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. Acquire Aave (AAVE) Tokens
To stake Aave, you first need to acquire it. To obtain Aave, you'll need to buy it. You can select from these popular exchanges available in South Africa.
Platform Mint Cost
Nexo Aave (AAVE) 149,64
PrimeXBT Aave (AAVE) 149,71
YouHodler Aave (AAVE) 149,75
Binance Aave (AAVE) 149,76
BTSE Aave (AAVE) 149,35
Coinbase Aave (AAVE) 149,8
View all 77 prices
2. Select a Aave Wallet
Once you have AAVE, you'll need to choose a Aave wallet to store your tokens securely. Here are some solid options to consider.
Platform Mint Staking rewards in South Africa
YouHodler Aave (AAVE) Up to 7% APY
View all 10 staking rewards available
3. Delegate Your AAVE
We recommend using a staking pool when staking AAVE. It's simpler and quicker to get started. A staking pool is a collective of validators who combine their AAVE, which increases their chances of validating transactions and earning rewards. You can manage this through your wallet's interface.
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 Aave network. You'll be rewarded with AAVE for these validations.

Platform	Mint	Cost
Nexo	Aave (AAVE)	149,64
PrimeXBT	Aave (AAVE)	149,71
YouHodler	Aave (AAVE)	149,75
Binance	Aave (AAVE)	149,76
BTSE	Aave (AAVE)	149,35
Coinbase	Aave (AAVE)	149,8

Platform	Mint	Staking rewards in South Africa
YouHodler	Aave (AAVE)	Up to 7% APY

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.