How to Stake Internet Computer (ICP)

Introduction

Staking Internet Computer can be an excellent choice for those looking to hold ICP 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 Internet Computer (ICP) Tokens

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

   Platform	Mint	Cost
   PrimeXBT	Internet Computer (ICP)	3,06
   YouHodler	Internet Computer (ICP)	3,05
   Binance	Internet Computer (ICP)	3,06
   Coinbase	Internet Computer (ICP)	3,05
   Kraken	Internet Computer (ICP)	3,05
   OKX	Internet Computer (ICP)	5,15

   View all 54 prices

2. 2. Select a Internet Computer Wallet

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

   Platform	Mint	Staking rewards in South Africa
   Binance	Internet Computer (ICP)	Up to 3,92% APY
   Bitmart	Internet Computer (ICP)	Up to 1% APY

   View all 4 staking rewards available

3. 3. Delegate Your ICP

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