How to Stake Pyth Network (PYTH): A Step-by-Step Guide for South Africans

Introduction

Staking Pyth Network can be an excellent choice for those looking to hold PYTH 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 Pyth Network (PYTH) Tokens
To stake Pyth Network, you first need to acquire it. To obtain Pyth Network, you'll need to buy it. You can select from these popular exchanges available in South Africa.
Platform Mint Cost
PrimeXBT Pyth Network (PYTH) 0,06
YouHodler Pyth Network (PYTH) 0,06
Binance Pyth Network (PYTH) 0,06
BTSE Pyth Network (PYTH) 0,06
Coinbase Pyth Network (PYTH) 0,06
Kraken Pyth Network (PYTH) 0,06
View all 59 prices
2. Select a Pyth Network Wallet
Once you have PYTH, you'll need to choose a Pyth Network wallet to store your tokens securely. Here are some solid options to consider.
Platform Mint Staking rewards in South Africa
Bitmart Pyth Network (PYTH) Up to 1% APY
3. Delegate Your PYTH
We recommend using a staking pool when staking PYTH. It's simpler and quicker to get started. A staking pool is a collective of validators who combine their PYTH, 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 Pyth Network network. You'll be rewarded with PYTH for these validations.

Platform	Mint	Cost
PrimeXBT	Pyth Network (PYTH)	0,06
YouHodler	Pyth Network (PYTH)	0,06
Binance	Pyth Network (PYTH)	0,06
BTSE	Pyth Network (PYTH)	0,06
Coinbase	Pyth Network (PYTH)	0,06
Kraken	Pyth Network (PYTH)	0,06

Platform	Mint	Staking rewards in South Africa
Bitmart	Pyth Network (PYTH)	Up to 1% 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.