Introduction
Staking ARPA can be an excellent choice for those looking to hold ARPA 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 ARPA (ARPA) Tokens
To stake ARPA, you first need to acquire it. To obtain ARPA, you'll need to buy it. You can select from these popular exchanges available in South Africa.
View all 35 pricesPlatform Mint Cost Binance ARPA (ARPA) 0,01 Coinbase ARPA (ARPA) 0,01 Kraken ARPA (ARPA) 0,01 BingX ARPA (ARPA) 0,01 Bitget ARPA (ARPA) 0,01 Bitmart ARPA (ARPA) 0,02 2. Select a ARPA Wallet
Once you have ARPA, you'll need to choose a ARPA wallet to store your tokens securely. Here are some solid options to consider.
3. Delegate Your ARPA
We recommend using a staking pool when staking ARPA. It's simpler and quicker to get started. A staking pool is a collective of validators who combine their ARPA, 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 ARPA network. You'll be rewarded with ARPA 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.
Latest Movements in the Market
- Market capitalisation
- US$45,17M
- 24-hour trading volume
- US$9,73M
- Circulating supply
- 982,17M ARPA
