How to Stake Ankr Network (ANKR)

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. 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. 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. 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. 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.

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.