Introduction

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

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

   Platform	Mint	Cost
   YouHodler	FTX (FTT)	0,47
   BingX	FTX (FTT)	0,47
   Bitget	FTX (FTT)	0,47
   Bitmart	FTX (FTT)	0,47
   Bitpanda	FTX (FTT)	2,25
   FMFW.io	FTX (FTT)	0,83

   View all 13 prices

2. 2. Select a FTX Wallet

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

3. 3. Delegate Your FTT

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