How to Stake Akash Network (AKT)

Introduction

Staking Akash Network can be an excellent choice for those looking to hold AKT 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 Akash Network (AKT) Tokens

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

   Platform	Mint	Cost
   Coinbase	Akash Network (AKT)	0,48
   Uphold	Akash Network (AKT)	1,38
   Bake	Akash Network (AKT)	0,5
   BingX	Akash Network (AKT)	0,49
   Bitmart	Akash Network (AKT)	0,49
   Bitpanda	Akash Network (AKT)	4,24

   View all 27 prices

2. 2. Select a Akash Network Wallet

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

   Platform	Mint	Staking rewards in South Africa
   Bitpanda	Akash Network (AKT)	Up to 10% APY
   Chainode Tech	Akash Network (AKT)	Up to 9,8% APY

   View all 9 staking rewards available

3. 3. Delegate Your AKT

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