How to Stake Lido Staked Ether (STETH)

Introduction

Staking Lido Staked Ether can be an excellent choice for those looking to hold STETH 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 Lido Staked Ether (STETH) Tokens

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

   Platform	Mint	Cost
   OKX	Lido Staked Ether (STETH)	2 014,26
   BingX	Lido Staked Ether (STETH)	3 082,67
   Bitget	Lido Staked Ether (STETH)	3 083,01
   Gate.io	Lido Staked Ether (STETH)	3 085,6
   HTX	Lido Staked Ether (STETH)	3 030,25

   View all 12 prices

2. 2. Select a Lido Staked Ether Wallet

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

   Platform	Mint	Staking rewards in South Africa
   FMFW.io	Lido Staked Ether (STETH)	Up to 3% APY
   Lido	Lido Staked Ether (STETH)	Up to 2,59% APY

   View all 4 staking rewards available

3. 3. Delegate Your STETH

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