How to Stake Stafi (FIS)

Introduction

Staking Stafi can be an excellent choice for those looking to hold FIS 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 Stafi (FIS) Tokens

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

   Platform	Mint	Cost
   Binance	Stafi (FIS)	0,02
   Coinbase	Stafi (FIS)	0,02
   Kraken	Stafi (FIS)	0,02
   Uphold	Stafi (FIS)	0,16
   BingX	Stafi (FIS)	0,12
   Bitget	Stafi (FIS)	0,02

   View all 34 prices

2. 2. Select a Stafi Wallet

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

3. 3. Delegate Your FIS

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