Introduction

Staking Neon can be an excellent choice for those looking to hold NEON 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 Neon (NEON) Tokens

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

   Platform	Mint	Cost
   Coinbase	Neon (NEON)	0,08
   BingX	Neon (NEON)	0,08
   Bitmart	Neon (NEON)	0,08
   CoinEx	Neon (NEON)	0,08
   CoinList	Neon (NEON)	0,14
   Crypto.com	Neon (NEON)	0,08

   View all 22 prices

2. 2. Select a Neon Wallet

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

3. 3. Delegate Your NEON

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