Introduction

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

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

   Platform	Mint	Cost
   BTSE	Multibit (MUBI)	0
   BingX	Multibit (MUBI)	0
   Bitget	Multibit (MUBI)	0,01
   Bitmart	Multibit (MUBI)	0
   CoinEx	Multibit (MUBI)	0
   Gate.io	Multibit (MUBI)	0

   View all 21 prices

2. 2. Select a Multibit Wallet

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

3. 3. Delegate Your MUBI

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