How to Stake Ankr Network (ANKR): A Step-by-Step Guide for South Africans

Introduction

Staking Ankr Network can be an excellent choice for those looking to hold ANKR 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 Ankr Network (ANKR) Tokens
To stake Ankr Network, you first need to acquire it. To obtain Ankr Network, you'll need to buy it. You can select from these popular exchanges available in South Africa.
Platform Mint Cost
Binance Ankr Network (ANKR) 0,01
BTSE Ankr Network (ANKR) 0,01
Coinbase Ankr Network (ANKR) 0,01
Kraken Ankr Network (ANKR) 0,01
Uphold Ankr Network (ANKR) 0,02
Azbit Ankr Network (ANKR) 0,01
View all 46 prices
2. Select a Ankr Network Wallet
Once you have ANKR, you'll need to choose a Ankr Network wallet to store your tokens securely. Here are some solid options to consider.
Platform Mint Staking rewards in South Africa
Ankr Ankr Network (ANKR) Up to 2,95% APY
Binance Ankr Network (ANKR) Up to 1,7% APY
View all 5 staking rewards available
3. Delegate Your ANKR
We recommend using a staking pool when staking ANKR. It's simpler and quicker to get started. A staking pool is a collective of validators who combine their ANKR, 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 Ankr Network network. You'll be rewarded with ANKR for these validations.

Platform	Mint	Cost
Binance	Ankr Network (ANKR)	0,01
BTSE	Ankr Network (ANKR)	0,01
Coinbase	Ankr Network (ANKR)	0,01
Kraken	Ankr Network (ANKR)	0,01
Uphold	Ankr Network (ANKR)	0,02
Azbit	Ankr Network (ANKR)	0,01

Platform	Mint	Staking rewards in South Africa
Ankr	Ankr Network (ANKR)	Up to 2,95% APY
Binance	Ankr Network (ANKR)	Up to 1,7% 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.