Introduction

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

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

   Platform	Mint	Cost
   Binance	Gnosis (GNO)	139,9
   Coinbase	Gnosis (GNO)	138,45
   Kraken	Gnosis (GNO)	138,17
   Uphold	Gnosis (GNO)	132,82
   Bake	Gnosis (GNO)	139,7
   BingX	Gnosis (GNO)	139,88

   View all 40 prices

2. 2. Select a Gnosis Wallet

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

3. 3. Delegate Your GNO

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