Introduction

Staking Kyber Network Crystal can be an excellent choice for those looking to hold KNC 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 Kyber Network Crystal (KNC) Tokens

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

   Platform	Mint	Cost
   Nexo	Kyber Network Crystal (KNC)	0,39
   Kraken	Kyber Network Crystal (KNC)	0,38
   OKX	Kyber Network Crystal (KNC)	0,39
   Binance	Kyber Network Crystal (KNC)	0,38
   BTSE	Kyber Network Crystal (KNC)	0,38
   Coinbase	Kyber Network Crystal (KNC)	0,38

   View all 49 prices

2. 2. Select a Kyber Network Crystal Wallet

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

3. 3. Delegate Your KNC

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