How to Stake goETH (GOETH)

Introduction

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

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

2. 2. Select a goETH Wallet

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

   Platform	Mint	Staking rewards in South Africa
   Exodus	goETH (GOETH)	Up to 4,17% APY

3. 3. Delegate Your GOETH

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