How to Stake Flare (FLR)

Introduction

Staking Flare can be an excellent choice for those looking to hold FLR 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 Flare (FLR) Tokens

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

   Platform	Mint	Cost
   YouHodler	Flare (FLR)	0,01
   Coinbase	Flare (FLR)	0,01
   Kraken	Flare (FLR)	0,01
   OKX	Flare (FLR)	0,02
   Uphold	Flare (FLR)	0,02
   BingX	Flare (FLR)	0,01

   View all 42 prices

2. 2. Select a Flare Wallet

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

   Platform	Mint	Staking rewards in South Africa
   Uphold	Flare (FLR)	Up to 5,07% APY
   CEX.io	Flare (FLR)	Up to 5% APY

   View all 4 staking rewards available

3. 3. Delegate Your FLR

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