How to Stake Tether (USDT)

Introduction

Staking Tether can be an excellent choice for those looking to hold USDT 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 Tether (USDT) Tokens

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

   Platform	Mint	Cost
   Nexo	Tether (USDT)	1
   EarnPark	Tether (USDT)	1
   YouHodler	Tether (USDT)	1
   Binance	Tether (USDT)	1
   BTSE	Tether (USDT)	1
   Kraken	Tether (USDT)	1

   View all 45 prices

2. 2. Select a Tether Wallet

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

   Platform	Mint	Staking rewards in South Africa
   YouHodler	Tether (USDT)	Up to 18% APY
   Binance	Tether (USDT)	Up to 1,7% APY

   View all 5 staking rewards available

3. 3. Delegate Your USDT

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