Introduction
Staking Kava can be an excellent choice for those looking to hold KAVA 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. Acquire Kava (KAVA) Tokens
To stake Kava, you first need to acquire it. To obtain Kava, you'll need to buy it. You can select from these popular exchanges available in South Africa.
View all 42 pricesPlatform Mint Cost Nexo Kava (KAVA) 0,09 Binance Kava (KAVA) 0,09 Coinbase Kava (KAVA) 0,09 Kraken Kava (KAVA) 0,09 Uphold Kava (KAVA) 0,44 BingX Kava (KAVA) 0,09 2. Select a Kava Wallet
Once you have KAVA, you'll need to choose a Kava wallet to store your tokens securely. Here are some solid options to consider.
View all 22 staking rewards availablePlatform Mint Staking rewards in South Africa Atomic Wallet Kava (KAVA) Up to 19% APY Binance Kava (KAVA) Up to 7,1% APY Bitget Kava (KAVA) Up to 5% APY 3. Delegate Your KAVA
We recommend using a staking pool when staking KAVA. It's simpler and quicker to get started. A staking pool is a collective of validators who combine their KAVA, which increases their chances of validating transactions and earning rewards. You can manage this through your wallet's interface.
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 Kava network. You'll be rewarded with KAVA 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.
Latest Movements in the Market
Kava (KAVA) is currently priced at US$5 with a 24-hour trading volume of US$23,19M. The market cap of Kava stands at US$536,2M, with 1,08B KAVA in circulation. For those looking to buy or trade Kava, Atomic Wallet offers avenues to do so securely and efficiently}
- Market capitalisation
- US$536,2M
- 24-hour trading volume
- US$23,19M
- Circulating supply
- 1,08B KAVA
