How to Stake FLOKI (FLOKI)

Introduction

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

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

   Platform	Mint	Cost
   YouHodler	FLOKI (FLOKI)	0,00005095
   Binance	FLOKI (FLOKI)	0,00005101
   BTSE	FLOKI (FLOKI)	0,00005104
   Coinbase	FLOKI (FLOKI)	0,000051
   Kraken	FLOKI (FLOKI)	0,00005106
   OKX	FLOKI (FLOKI)	0,00006549

   View all 49 prices

2. 2. Select a FLOKI Wallet

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

   Platform	Mint	Staking rewards in South Africa
   YouHodler	FLOKI (FLOKI)	Up to 15% APY
   Binance	FLOKI (FLOKI)	Up to 5,44% APY
   Bitmart	FLOKI (FLOKI)	Up to 1% APY

   View all 6 staking rewards available

3. 3. Delegate Your FLOKI

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