How to Stake Ontology (ONT)

Introduction

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

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

   Platform	Mint	Cost
   Binance	Ontology (ONT)	0,13
   OKX	Ontology (ONT)	0,15
   Uphold	Ontology (ONT)	0,14
   Azbit	Ontology (ONT)	0,13
   BingX	Ontology (ONT)	0,13
   Bitget	Ontology (ONT)	0,13

   View all 30 prices

2. 2. Select a Ontology Wallet

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

   Platform	Mint	Staking rewards in South Africa
   Binance	Ontology (ONT)	Up to 13,5% APY
   CEX.io	Ontology (ONT)	Up to 10% APY
   Exodus	Ontology (ONT)	Up to 17,08% APY

   View all 10 staking rewards available

3. 3. Delegate Your ONT

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