How to Stake Secret (SCRT)

Introduction

Staking Secret can be an excellent choice for those looking to hold SCRT 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 Secret (SCRT) Tokens

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

   Platform	Mint	Cost
   Binance	Secret (SCRT)	0,11
   Kraken	Secret (SCRT)	0,11
   BingX	Secret (SCRT)	0,43
   Bitmart	Secret (SCRT)	0,18
   Bitpanda	Secret (SCRT)	0,68
   Bybit	Secret (SCRT)	0,11

   View all 24 prices

2. 2. Select a Secret Wallet

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

   Platform	Mint	Staking rewards in South Africa
   Bitpanda	Secret (SCRT)	Up to 10% APY
   MyCointainer	Secret (SCRT)	Up to 23,1% APY
   Stakely.io	Secret (SCRT)	Up to 20,21% APY

   View all 9 staking rewards available

3. 3. Delegate Your SCRT

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