How to Stake STACKS (stacks)

Introduction

Staking STACKS can be an excellent choice for those looking to hold stacks 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 STACKS (stacks) Tokens

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

   Platform	Mint	Cost
   Uphold	STACKS (stacks)	0,79
   BingX	STACKS (stacks)	0,26
   Bitget	STACKS (stacks)	0,25
   Bitmart	STACKS (stacks)	0,69
   Bitpanda	STACKS (stacks)	2,3
   Blockchain.com	STACKS (stacks)	0,32

   View all 21 prices

2. 2. Select a STACKS Wallet

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

   Platform	Mint	Staking rewards in South Africa
   Bitmart	STACKS (stacks)	Up to 1% APY

3. 3. Delegate Your stacks

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