How to Stake IOST (IOST)

Introduction

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

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

   Platform	Mint	Cost
   EarnPark	IOST (IOST)	0,01
   Binance	IOST (IOST)	0
   OKX	IOST (IOST)	0
   BingX	IOST (IOST)	0
   Bitget	IOST (IOST)	0
   Bitmart	IOST (IOST)	0

   View all 35 prices

2. 2. Select a IOST Wallet

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

   Platform	Mint	Staking rewards in South Africa
   Binance	IOST (IOST)	Up to 2,3% APY
   Bitget	IOST (IOST)	Up to 4% APY

   View all 6 staking rewards available

3. 3. Delegate Your IOST

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