How to Stake Avalanche (AVAX)

Introduction

Staking Avalanche can be an excellent choice for those looking to hold AVAX 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 Avalanche (AVAX) Tokens

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

   Platform	Mint	Cost
   Nexo	Avalanche (AVAX)	13,76
   PrimeXBT	Avalanche (AVAX)	13,73
   EarnPark	Avalanche (AVAX)	13,65
   YouHodler	Avalanche (AVAX)	13,74
   Binance	Avalanche (AVAX)	13,74
   BTSE	Avalanche (AVAX)	13,74

   View all 81 prices

2. 2. Select a Avalanche Wallet

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

   Platform	Mint	Staking rewards in South Africa
   YouHodler	Avalanche (AVAX)	Up to 13% APY
   Uphold	Avalanche (AVAX)	Up to 3% APY
   Ankr	Avalanche (AVAX)	Up to 5,09% APY
   Binance	Avalanche (AVAX)	Up to 5% APY

   View all 30 staking rewards available

3. 3. Delegate Your AVAX

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