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

Introduction

Staking PIVX can be an excellent choice for those looking to hold PIVX 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 PIVX (PIVX) Tokens
To stake PIVX, you first need to acquire it. To obtain PIVX, you'll need to buy it. You can select from these popular exchanges available in South Africa.
Platform Mint Cost
Binance PIVX (PIVX) 0,12
Bitmart PIVX (PIVX) 0,12
CoinEx PIVX (PIVX) 0,12
Gate.io PIVX (PIVX) 0,16
LBank PIVX (PIVX) 0,34
MEXC Global PIVX (PIVX) 0,12
View all 12 prices
2. Select a PIVX Wallet
Once you have PIVX, you'll need to choose a PIVX wallet to store your tokens securely. Here are some solid options to consider.
Platform Mint Staking rewards in South Africa
MyCointainer PIVX (PIVX) Up to 6,5% APY
3. Delegate Your PIVX
We recommend using a staking pool when staking PIVX. It's simpler and quicker to get started. A staking pool is a collective of validators who combine their PIVX, 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 PIVX network. You'll be rewarded with PIVX for these validations.

Platform	Mint	Cost
Binance	PIVX (PIVX)	0,12
Bitmart	PIVX (PIVX)	0,12
CoinEx	PIVX (PIVX)	0,12
Gate.io	PIVX (PIVX)	0,16
LBank	PIVX (PIVX)	0,34
MEXC Global	PIVX (PIVX)	0,12

Platform	Mint	Staking rewards in South Africa
MyCointainer	PIVX (PIVX)	Up to 6,5% 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.