How to Stake Picasso (PICA)

Introduction

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

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

   Platform	Mint	Cost
   BingX	Picasso (PICA)	0,000063
   CoinEx	Picasso (PICA)	0,00001302
   Gate.io	Picasso (PICA)	0,00001404

   View all 6 prices

2. 2. Select a Picasso Wallet

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

   Platform	Mint	Staking rewards in South Africa
   Stakewolle	Picasso (PICA)	Up to 12% APY

3. 3. Delegate Your PICA

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