Introduction

Staking eCash can be an excellent choice for those looking to hold XEC 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 eCash (XEC) Tokens

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

   Platform	Mint	Cost
   Binance	eCash (XEC)	0,00001147
   BingX	eCash (XEC)	0,00001145
   Bitmart	eCash (XEC)	0,00002046
   Bitpanda	eCash (XEC)	0,00004911
   CoinEx	eCash (XEC)	0,00001144
   FMFW.io	eCash (XEC)	0,00001055

   View all 24 prices

2. 2. Select a eCash Wallet

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

3. 3. Delegate Your XEC

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