How to Stake Starknet (STRK)

Introduction

Staking Starknet can be an excellent choice for those looking to hold STRK 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 Starknet (STRK) Tokens

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

   Platform	Mint	Cost
   PrimeXBT	Starknet (STRK)	0,08
   YouHodler	Starknet (STRK)	0,08
   Binance	Starknet (STRK)	0,08
   BTSE	Starknet (STRK)	0,08
   Coinbase	Starknet (STRK)	0,08
   Kraken	Starknet (STRK)	0,08

   View all 60 prices

2. 2. Select a Starknet Wallet

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

3. 3. Delegate Your STRK

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