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

Introduction

Staking Reef can be an excellent choice for those looking to hold REEF 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 Reef (REEF) Tokens
To stake Reef, you first need to acquire it. To obtain Reef, you'll need to buy it. You can select from these popular exchanges available in South Africa.
Platform Mint Cost
Binance Reef (REEF) 0,000688
BingX Reef (REEF) 0,0004311
Bitget Reef (REEF) 0
Bitmart Reef (REEF) 0,0001476
Bitpanda Reef (REEF) 0
Bybit Reef (REEF) 0,0004742
View all 22 prices
2. Select a Reef Wallet
Once you have REEF, you'll need to choose a Reef wallet to store your tokens securely. Here are some solid options to consider.
3. Delegate Your REEF
We recommend using a staking pool when staking REEF. It's simpler and quicker to get started. A staking pool is a collective of validators who combine their REEF, 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 Reef network. You'll be rewarded with REEF for these validations.

Platform	Mint	Cost
Binance	Reef (REEF)	0,000688
BingX	Reef (REEF)	0,0004311
Bitget	Reef (REEF)	0
Bitmart	Reef (REEF)	0,0001476
Bitpanda	Reef (REEF)	0
Bybit	Reef (REEF)	0,0004742

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.