How to Stake ApeCoin (APE)

Introduction

Staking ApeCoin can be an excellent choice for those looking to hold APE 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 ApeCoin (APE) Tokens

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

   Platform	Mint	Cost
   Nexo	ApeCoin (APE)	0,21
   PrimeXBT	ApeCoin (APE)	0,21
   Uphold	ApeCoin (APE)	0,7
   Bake	ApeCoin (APE)	0,21
   BingX	ApeCoin (APE)	0,21
   Bitfinex	ApeCoin (APE)	0,21

   View all 36 prices

2. 2. Select a ApeCoin Wallet

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

   Platform	Mint	Staking rewards in South Africa
   Bitpanda	ApeCoin (APE)	Up to 15% APY

3. 3. Delegate Your APE

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