Introduction

Staking THORChain can be an excellent choice for those looking to hold RUNE 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 THORChain (RUNE) Tokens

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

   Platform	Mint	Cost
   Nexo	THORChain (RUNE)	0,57
   PrimeXBT	THORChain (RUNE)	0,57
   Binance	THORChain (RUNE)	0,57
   Coinbase	THORChain (RUNE)	5,44
   Kraken	THORChain (RUNE)	0,57
   Uphold	THORChain (RUNE)	1,17

   View all 40 prices

2. 2. Select a THORChain Wallet

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

3. 3. Delegate Your RUNE

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