How to Stake Harmony (ONE)

Introduction

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

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

   Platform	Mint	Cost
   Binance	Harmony (ONE)	0
   BTSE	Harmony (ONE)	0
   OKX	Harmony (ONE)	0,01
   Uphold	Harmony (ONE)	0,01
   Bitmart	Harmony (ONE)	0,01

   View all 22 prices

2. 2. Select a Harmony Wallet

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

   Platform	Mint	Staking rewards in South Africa
   Binance	Harmony (ONE)	Up to 6% APY
   Bitpanda	Harmony (ONE)	Up to 7% APY
   Chainode Tech	Harmony (ONE)	Up to 11% APY

   View all 6 staking rewards available

3. 3. Delegate Your ONE

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