Introduction

Staking Bonk can be an excellent choice for those looking to hold BONK 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 Bonk (BONK) Tokens

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

   Platform	Mint	Cost
   YouHodler	Bonk (BONK)	0,0000106
   Binance	Bonk (BONK)	0,0000106
   BTSE	Bonk (BONK)	0,00001059
   OKX	Bonk (BONK)	0,00002173
   Uphold	Bonk (BONK)	0,00001688
   Bake	Bonk (BONK)	0,00001066

   View all 41 prices

2. 2. Select a Bonk Wallet

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

3. 3. Delegate Your BONK

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