Introduction

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

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

   Platform	Mint	Cost
   Binance	NKN (NKN)	0,01
   Coinbase	NKN (NKN)	0,01
   BingX	NKN (NKN)	0,01
   Bitget	NKN (NKN)	0,01
   Bitmart	NKN (NKN)	0,03
   Bitpanda	NKN (NKN)	0,11

   View all 30 prices

2. 2. Select a NKN Wallet

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

3. 3. Delegate Your NKN

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