How to Stake First Digital USD (FDUSD)

Introduction

Staking First Digital USD can be an excellent choice for those looking to hold FDUSD 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 First Digital USD (FDUSD) Tokens

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

   Platform	Mint	Cost
   Binance	First Digital USD (FDUSD)	1
   Azbit	First Digital USD (FDUSD)	1
   BingX	First Digital USD (FDUSD)	1
   Bitget	First Digital USD (FDUSD)	1
   Bybit	First Digital USD (FDUSD)	1

   View all 19 prices

2. 2. Select a First Digital USD Wallet

   Once you have FDUSD, you'll need to choose a First Digital USD wallet to store your tokens securely. Here are some solid options to consider.

   Platform	Mint	Staking rewards in South Africa
   Binance	First Digital USD (FDUSD)	Up to 16,2% APY

3. 3. Delegate Your FDUSD

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