How to Stake iExec RLC (RLC)

Introduction

Staking iExec RLC can be an excellent choice for those looking to hold RLC 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 iExec RLC (RLC) Tokens

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

   Platform	Mint	Cost
   Binance	iExec RLC (RLC)	0,65
   Coinbase	iExec RLC (RLC)	0,65
   Kraken	iExec RLC (RLC)	0,65
   BingX	iExec RLC (RLC)	2,07
   Bitget	iExec RLC (RLC)	0,65
   Bitmart	iExec RLC (RLC)	0,84

   View all 32 prices

2. 2. Select a iExec RLC Wallet

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

   Platform	Mint	Staking rewards in South Africa
   Bitmart	iExec RLC (RLC)	Up to 1% APY

3. 3. Delegate Your RLC

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