How to Stake Toncoin (TON): A Step-by-Step Guide for South Africans

Introduction

Staking Toncoin can be an excellent choice for those looking to hold TON 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. Acquire Toncoin (TON) Tokens
To stake Toncoin, you first need to acquire it. To obtain Toncoin, you'll need to buy it. You can select from these popular exchanges available in South Africa.
Platform Mint Cost
PrimeXBT Toncoin (TON) 1,75
EarnPark Toncoin (TON) 1,75
YouHodler Toncoin (TON) 1,75
Binance Toncoin (TON) 1,75
BTSE Toncoin (TON) 1,75
Coinbase Toncoin (TON) 1,75
View all 65 prices
2. Select a Toncoin Wallet
Once you have TON, you'll need to choose a Toncoin wallet to store your tokens securely. Here are some solid options to consider.
Platform Mint Staking rewards in South Africa
YouHodler Toncoin (TON) Up to 20% APY
Binance Toncoin (TON) Up to 3,6% APY
Bitget Toncoin (TON) Up to 4% APY
Bitmart Toncoin (TON) Up to 3% APY
View all 11 staking rewards available
3. Delegate Your TON
We recommend using a staking pool when staking TON. It's simpler and quicker to get started. A staking pool is a collective of validators who combine their TON, which increases their chances of validating transactions and earning rewards. You can manage this through your wallet's interface.
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 Toncoin network. You'll be rewarded with TON for these validations.

Platform	Mint	Cost
PrimeXBT	Toncoin (TON)	1,75
EarnPark	Toncoin (TON)	1,75
YouHodler	Toncoin (TON)	1,75
Binance	Toncoin (TON)	1,75
BTSE	Toncoin (TON)	1,75
Coinbase	Toncoin (TON)	1,75

Platform	Mint	Staking rewards in South Africa
YouHodler	Toncoin (TON)	Up to 20% APY
Binance	Toncoin (TON)	Up to 3,6% APY
Bitget	Toncoin (TON)	Up to 4% APY
Bitmart	Toncoin (TON)	Up to 3% APY

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.