Introduction

Staking TerraClassicUSD can be an excellent choice for those looking to hold USTC 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 TerraClassicUSD (USTC) Tokens

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

   Platform	Mint	Cost
   Binance	TerraClassicUSD (USTC)	0,01
   OKX	TerraClassicUSD (USTC)	0,01
   BingX	TerraClassicUSD (USTC)	0,01
   Bitget	TerraClassicUSD (USTC)	0,01
   Bybit	TerraClassicUSD (USTC)	0,01
   Gate.io	TerraClassicUSD (USTC)	0,01

   View all 17 prices

2. 2. Select a TerraClassicUSD Wallet

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

3. 3. Delegate Your USTC

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