How to Stake PayPal USD (PYUSD)

Introduction

Staking PayPal USD can be an excellent choice for those looking to hold PYUSD 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 PayPal USD (PYUSD) Tokens

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

   Platform	Mint	Cost
   YouHodler	PayPal USD (PYUSD)	1
   Coinbase	PayPal USD (PYUSD)	1
   Kraken	PayPal USD (PYUSD)	1
   OKX	PayPal USD (PYUSD)	1
   Uphold	PayPal USD (PYUSD)	1
   BingX	PayPal USD (PYUSD)	1

   View all 29 prices

2. 2. Select a PayPal USD Wallet

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

   Platform	Mint	Staking rewards in South Africa
   YouHodler	PayPal USD (PYUSD)	Up to 12% APY

3. 3. Delegate Your PYUSD

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