How to Stake Acala (ACA)

Introduction

Staking Acala can be an excellent choice for those looking to hold ACA 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 Acala (ACA) Tokens

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

   Platform	Mint	Cost
   Binance	Acala (ACA)	0,02
   Kraken	Acala (ACA)	0,02
   OKX	Acala (ACA)	0,04
   BingX	Acala (ACA)	0,02
   Bitget	Acala (ACA)	0,02
   Bitmart	Acala (ACA)	0,03

   View all 26 prices

2. 2. Select a Acala Wallet

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

   Platform	Mint	Staking rewards in South Africa
   Binance	Acala (ACA)	Up to 26,6% APY
   Bitget	Acala (ACA)	Up to 10% APY

3. 3. Delegate Your ACA

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