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. 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.
View all 42 pricesPlatform 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 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.
View all 4 staking rewards availablePlatform Mint Staking rewards in South Africa Uphold Flare (FLR) Up to 5,07% APY CEX.io Flare (FLR) Up to 5% APY 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. 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.
Latest Movements in the Market
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- Market capitalisation
- US$1,3B
- 24-hour trading volume
- US$11,81M
- Circulating supply
- 56,81B FLR

