How to Stake IRISnet (IRIS)

Introduction

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

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

   Platform	Mint	Cost
   Binance	IRISnet (IRIS)	0,01
   Bitpanda	IRISnet (IRIS)	0,01
   CoinEx	IRISnet (IRIS)	0,000516
   Crypto.com	IRISnet (IRIS)	0,01
   Gate.io	IRISnet (IRIS)	0,0005151

   View all 7 prices

2. 2. Select a IRISnet Wallet

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

   Platform	Mint	Staking rewards in South Africa
   Moonstake	IRISnet (IRIS)	Up to 6,83% APY
   Stakewolle	IRISnet (IRIS)	Up to 9,83% APY
   Stakin	IRISnet (IRIS)	Up to 11,78% APY

   View all 6 staking rewards available

3. 3. Delegate Your IRIS

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