How to Stake MultiversX (EGLD)

Introduction

Staking MultiversX can be an excellent choice for those looking to hold EGLD 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 MultiversX (EGLD) Tokens

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

   Platform	Mint	Cost
   PrimeXBT	MultiversX (EGLD)	6,2
   YouHodler	MultiversX (EGLD)	6,19
   Binance	MultiversX (EGLD)	6,2
   BTSE	MultiversX (EGLD)	6,21
   Coinbase	MultiversX (EGLD)	6,21
   Kraken	MultiversX (EGLD)	6,19

   View all 53 prices

2. 2. Select a MultiversX Wallet

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

   Platform	Mint	Staking rewards in South Africa
   Atomic Wallet	MultiversX (EGLD)	Up to 9,4% APY
   Binance	MultiversX (EGLD)	Up to 3,1% APY
   Bitget	MultiversX (EGLD)	Up to 8,5% APY

   View all 13 staking rewards available

3. 3. Delegate Your EGLD

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