How to Stake Flow (FLOW)

Introduction

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

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

   Platform	Mint	Cost
   PrimeXBT	Flow (FLOW)	0,17
   Uphold	Flow (FLOW)	0,38
   Bake	Flow (FLOW)	0,17
   BingX	Flow (FLOW)	0,17
   Bitget	Flow (FLOW)	0,17
   Bitmart	Flow (FLOW)	0,17

   View all 14 prices

2. 2. Select a Flow Wallet

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

   Platform	Mint	Staking rewards in South Africa
   Bitpanda	Flow (FLOW)	Up to 6% APY
   MyCointainer	Flow (FLOW)	Up to 10,1% APY

3. 3. Delegate Your FLOW

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