How to Stake OneFinity (ONE): A Step-by-Step Guide for South Africans

Introduction

Staking OneFinity can be an excellent choice for those looking to hold ONE 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. Acquire OneFinity (ONE) Tokens
To stake OneFinity, you first need to acquire it. To obtain OneFinity, you'll need to buy it. You can select from these popular exchanges available in South Africa.
Platform Mint Cost
BingX OneFinity (ONE) 0
Bitget OneFinity (ONE) 0
Bitpanda OneFinity (ONE) 0,02
Kucoin OneFinity (ONE) 0
MEXC Global OneFinity (ONE) 0,04
View all 9 prices
2. Select a OneFinity Wallet
Once you have ONE, you'll need to choose a OneFinity wallet to store your tokens securely. Here are some solid options to consider.
Platform Mint Staking rewards in South Africa
Kucoin OneFinity (ONE) Up to 5,5% APY
Moonstake OneFinity (ONE) Up to 7,47% APY
View all 4 staking rewards available
3. Delegate Your ONE
We recommend using a staking pool when staking ONE. It's simpler and quicker to get started. A staking pool is a collective of validators who combine their ONE, which increases their chances of validating transactions and earning rewards. You can manage this through your wallet's interface.
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 OneFinity network. You'll be rewarded with ONE for these validations.

Platform	Mint	Cost
BingX	OneFinity (ONE)	0
Bitget	OneFinity (ONE)	0
Bitpanda	OneFinity (ONE)	0,02
Kucoin	OneFinity (ONE)	0
MEXC Global	OneFinity (ONE)	0,04

Platform	Mint	Staking rewards in South Africa
Kucoin	OneFinity (ONE)	Up to 5,5% APY
Moonstake	OneFinity (ONE)	Up to 7,47% APY

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.